$SOL Whale Withdraws 281,000 SOL Worth $29.68M from Binance, A Long Term Accumulation Move?
A wallet address withdrew 281,000 SOL (valued at $29.68 million) from Binance to on-chain storage, following a deposit of 14.06 million USDC to the exchange about a month ago.
SOLUSDT
Perp
105.18
+1.26%
šø This move converting stablecoins to SOL and withdrawing the assets to cold storage is typically a sign of long-term accumulation.
šø This is a significant amount of SOL, indicating that the investor has confidence in the asset at its current price level.
š A whale switching from USDC to SOL and withdrawing from the exchange is a positive signal reflecting long-term confidence. This move occurs amidst SOL's recovery trend and an influx of ETF capital. If similar transactions continue, it could signal a major accumulation phase prior to a potential breakout for SOL.
š¬ Do you think SOL will continue to rise from this price level? Does this whale's move influence your own decisions?
A wallet address withdrew 281,000 SOL (valued at $29.68 million) from Binance to on-chain storage, following a deposit of 14.06 million USDC to the exchange about a month ago.
SOLUSDT
Perp
105.18
+1.26%
šø This move converting stablecoins to SOL and withdrawing the assets to cold storage is typically a sign of long-term accumulation.
šø This is a significant amount of SOL, indicating that the investor has confidence in the asset at its current price level.
š A whale switching from USDC to SOL and withdrawing from the exchange is a positive signal reflecting long-term confidence. This move occurs amidst SOL's recovery trend and an influx of ETF capital. If similar transactions continue, it could signal a major accumulation phase prior to a potential breakout for SOL.
š¬ Do you think SOL will continue to rise from this price level? Does this whale's move influence your own decisions?
