$SOL Persistent Solana Whale Dump, Moves 100,000 SOL To Binance, Still Holds Nearly $100M

A massive whale has just executed a notable asset movement. This address deposited 100,000 SOL valued at $13.57 million onto Binance.

🔸 This whale has been consistently taking profits since their tokens unlocked in April this year. Over the past 8 months, they have transferred a total of 615,000 SOL cashing out approx $107 million to Binance in batches. The average selling price of previous batches was $175, significantly higher than current levels $135, indicating this whale skillfully distributed at the top.

🔸 Worryingly, this wallet is far from empty. Currently, they still hold 733,000 SOL valued at approx $99.16 million. At this pace, selling pressure from this entity will persist for months, creating invisible resistance zones for SOL price.

🔸Exchange Inflows are typically a sign of intent to sell. The fact that an institution has been net selling for 8 months suggests they are realizing profits to rebalance portfolios or exit capital, regardless of where SOL price stands.

Do you see this as an opportunity to buy cheap SOL from the whale, or a warning signal to stay on the sidelines until the sell pressure subsides?

News is for reference, not investment advice. Please read carefully before making a decision.