A newly emerged Whale wallet has withdrawn nearly 5 million $SOL from Binance. Could this be a sign of accumulation?

SOL
SOLUSDT
134.2
-3.20%

On chain data revealed a new wallet with address 6pj7c4 that withdrew a net 37,002 SOL, approximately $4.84 million, from the exchange.

🔹 Withdrawals to self custody cold wallets from new addresses are generally considered a positive sign.

🔸 A newly emerged whale wallet has withdrawn nearly 5 million SOL from Binance. Could this be a sign of accumulation?

🔹 Reducing the floating supply on the exchange would lessen potential selling pressure and create a solid foundation for the $SOL price.

Do you consider this to be institutional or individual accumulation?