- Solana whales unstaked a large amount of SOL.
- Panic around potential dump grew, as the price fell. However, sentiment around SOL remained positive.
On 12th November, Whale Alert flagged two big Solana [SOL] transactions, each over $30 million. The first one sent 325,222 SOL, worth more than $18.6 million, to the Binance exchange.
It appeared that the interest in SOL was slowly starting to die down.
Whales make a sudden move
According to lookonchain’s data, a big Solana holder withdrew 505,034 SOL, sending most to Binance and Kraken.
A whale unstaked 505,034 $SOL ($31.7M) today and transferred 505K $SOL ($31.7M) out, most of which was deposited to #Binance and #Kraken.
The whale still has 2.9M $SOL($184M) staked.https://t.co/pe5QVhXcYl pic.twitter.com/9jeCk6hGdd
— Lookonchain (@lookonchain) November 16, 2023
Another whale unstaked 2.
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Author: Himalay Patel
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