๐ 491 million SOL arrived at Kraken. And the price is testing the high.
An unknown wallet sent 491,725 SOLโabout $57.38 millionโto Kraken.
The detail: SOL is still trending up.
$116.78 | +1.56% today
High: $117.76
7 days: +18.46%
But thereโs a catch.
Depositing to an exchange doesnโt mean a sell.
It could be preparation for a sale, liquidity, custody, or another operation.
Now the market needs to show the reaction.
If SOL rejects $117.76, this flow gains weight in the read.
If it breaks the high and holds the move, the potential sell pressure will be getting absorbed by the market.
On-chain shows the flow. Price shows the reaction.
๐ฌ Hype or trap? What are you watching: the flow or the price?
๐ Technical Analysis
โน๏ธ ๐ง๐ต๐ถ๐ ๐ถ๐ ๐ฎ ๐ฐ๐ผ๐ป๐๐ฒ๐ป๐ ๐๐ต๐ฎ๐ ๐ถ๐ ๐ผ๐ป๐น๐ ๐ฒ๐ฑ๐๐ฐ๐ฎ๐๐ถ๐๐ฒ ๐ฎ๐ป๐ฑ ๐ถ๐ป๐ณ๐ผ๐ฟ๐บ๐ฎ๐๐ถ๐๐ฒ. ๐ก๐ผ๐ ๐ฐ๐ผ๐ป๐๐ถ๐ฑ๐ฒ๐ฟ๐ถ๐ป๐ด ๐ฎ๐ป ๐ฎ๐ฟ๐ฟ๐ฒ๐ฐ๐ผ๐บ๐บ๐ฒ๐ป๐ฑ๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ณ ๐ฐ๐ผ๐บ๐ฝ๐ฟ๐ฎ๐, ๐๐ฒ๐น๐น๐ถ๐ป๐ด, ๐ผ๐ฟ ๐ถ๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐.
#SOL #Solana #CryptoMarket #DYOR
An unknown wallet sent 491,725 SOLโabout $57.38 millionโto Kraken.
The detail: SOL is still trending up.
$116.78 | +1.56% today
High: $117.76
7 days: +18.46%
But thereโs a catch.
Depositing to an exchange doesnโt mean a sell.
It could be preparation for a sale, liquidity, custody, or another operation.
Now the market needs to show the reaction.
If SOL rejects $117.76, this flow gains weight in the read.
If it breaks the high and holds the move, the potential sell pressure will be getting absorbed by the market.
On-chain shows the flow. Price shows the reaction.
๐ฌ Hype or trap? What are you watching: the flow or the price?
๐ Technical Analysis
โน๏ธ ๐ง๐ต๐ถ๐ ๐ถ๐ ๐ฎ ๐ฐ๐ผ๐ป๐๐ฒ๐ป๐ ๐๐ต๐ฎ๐ ๐ถ๐ ๐ผ๐ป๐น๐ ๐ฒ๐ฑ๐๐ฐ๐ฎ๐๐ถ๐๐ฒ ๐ฎ๐ป๐ฑ ๐ถ๐ป๐ณ๐ผ๐ฟ๐บ๐ฎ๐๐ถ๐๐ฒ. ๐ก๐ผ๐ ๐ฐ๐ผ๐ป๐๐ถ๐ฑ๐ฒ๐ฟ๐ถ๐ป๐ด ๐ฎ๐ป ๐ฎ๐ฟ๐ฟ๐ฒ๐ฐ๐ผ๐บ๐บ๐ฒ๐ป๐ฑ๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ณ ๐ฐ๐ผ๐บ๐ฝ๐ฟ๐ฎ๐, ๐๐ฒ๐น๐น๐ถ๐ป๐ด, ๐ผ๐ฟ ๐ถ๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐.
#SOL #Solana #CryptoMarket #DYOR