$W is up 12.1% on the day but basically flat the last 4h (+2.6%), and that's exactly the window where $574K came off Binance, KuCoin, Gate, Bitget and Coinbase on solana into private wallets. 0.6% of market cap, 4% of a full day's volume, in an hour.

one transfer did $262K of that alone, straight off Binance.

coins off exchanges aren't for sale right now. could be a fund, could be an OTC desk settling, chain doesn't tell you which. it's on-chain, go check it yourself. NFA