Whale Moves 98K SOL Worth $17.8M to Binance
A crypto whale just unstaked 98,291 SOL and transferred it to Binance, hinting at possible market action.
- Whale 91GShr moved 98,291 SOL to Binance.
- The SOL was valued at $17.83 million.
- Large transfers can trigger market volatility.
A massive on-chain transaction has caught the attention of the crypto community. Whale wallet address 91GShr just unstaked 98,291 SOL, worth around $17.83 million, and deposited the entire amount to Binance within the past 30 minutes. This move could be a signal for upcoming market activity, especially considering the volume involved.
Such large-scale token movements by whales often precede major decisions — whether it’s selling to capitalize on price movements, or preparing for trading, staking alternatives, or cross-chain swaps.
What Could This Mean for SOL Price?
When a large amount of a cryptocurrency like Solana (SOL) is deposited to an exchange, it’s often interpreted as a bearish signal. That’s because it suggests the whale might be planning to sell, increasing the available supply on the exchange and potentially triggering a price drop.
However, this isn’t always the case. Whales sometimes transfer funds to exchanges for liquidity provision, arbitrage, or strategic trading, without selling immediately. Traders should watch closely for any further movements from this wallet or sudden changes in SOL trading volume on Binance.
Whale Watch: Stay Alert
The crypto market is highly reactive to large whale moves, and 91GShr’s recent deposit to Binance is significant. Whether it results in a price dip or is part of a more complex trading strategy remains to be seen.
For now, Solana holders and traders may want to keep a close eye on exchange activity and market sentiment to make informed decisions in the coming hours.
Read Also :
- Do Strategy Buys Really Move Bitcoin’s Price?
- MetaWin Announces $1.3 Million NFT Holder Exclusive Giveaway
- 100% Free Tokens Code BONUS100—APC Presale Shines in Best New Meme Coins For Exponential Returns Amid Andy’s Flatline and SPX Crash
- Smart Trader 0x15b3 Nets $48M Trading ETH, XRP & BTC
- Cold Wallet Rockets Past $6.3M as Dogecoin Whale Moves and Arbitrum Eyes $0.90
