$SOL whale watch: about 49 million dollars of Solana is on the move đ
What on-chain trackers spotted, according to Odaily:
âą Three wallets that may belong to the same large holder moved 482,200 Solana tokens over three days
âą That's worth about 49.2 million dollars
âą Around 171,400 tokens, worth about 17.3 million dollars, have already been sent to exchanges
âą The pattern suggests the holder may be preparing to sell
Why it matters: Solana is trading around 101, down about 5% on the week, and is sitting right on the 100 level that many traders are watching. Extra supply hitting exchanges near a key level can add pressure.
The other side: deposits don't always mean selling. Large holders also move coins to exchanges for staking, lending or over-the-counter deals. And about a third of the tokens have already moved, so part of any selling may already be in the price.
How to use whale alerts: treat them as one input, not a signal on their own. Combine them with price levels and volume.
Do whale moves change how you trade $SOL ? đ
#Solana #WhaleAlert #CryptoNews
What on-chain trackers spotted, according to Odaily:
âą Three wallets that may belong to the same large holder moved 482,200 Solana tokens over three days
âą That's worth about 49.2 million dollars
âą Around 171,400 tokens, worth about 17.3 million dollars, have already been sent to exchanges
âą The pattern suggests the holder may be preparing to sell
Why it matters: Solana is trading around 101, down about 5% on the week, and is sitting right on the 100 level that many traders are watching. Extra supply hitting exchanges near a key level can add pressure.
The other side: deposits don't always mean selling. Large holders also move coins to exchanges for staking, lending or over-the-counter deals. And about a third of the tokens have already moved, so part of any selling may already be in the price.
How to use whale alerts: treat them as one input, not a signal on their own. Combine them with price levels and volume.
Do whale moves change how you trade $SOL ? đ
#Solana #WhaleAlert #CryptoNews