Wintermute has moved 129,540 $SOL, worth about $12.42M to Binance, according to on-chain monitoring.
The transfer comes alongside other large Wintermute movements, including 169.5 $BTC worth roughly $13.11M to Binance.
Large exchange deposits can increase selling speculation, but the transfer alone does not confirm that Wintermute has sold the SOL.
Wintermute is a major crypto market maker, so its exchange movements can also be linked to liquidity management, trading or other operational activity.
For now, the 129,540 SOL deposit is one of the larger on-chain movements worth watching as the market reacts.
#BTC Correction Incoming?# #Solana #Macro Insights#
The transfer comes alongside other large Wintermute movements, including 169.5 $BTC worth roughly $13.11M to Binance.
Large exchange deposits can increase selling speculation, but the transfer alone does not confirm that Wintermute has sold the SOL.
Wintermute is a major crypto market maker, so its exchange movements can also be linked to liquidity management, trading or other operational activity.
For now, the 129,540 SOL deposit is one of the larger on-chain movements worth watching as the market reacts.
#BTC Correction Incoming?# #Solana #Macro Insights#