Solana Whale Moves $53 Million in SOL as Price Rallies Over 5%

Solana has started the year on a bullish note, climbing more than 5% over the past 24 hours. However, amid the price surge, a Solana whale appears to be taking profit by moving a large amount of SOL to an exchange.

According to on-chain tracking firm Whale Alert, a single transaction involving 407,001 SOL—worth roughly $53.1 million—was sent from an unknown wallet to the crypto exchange Gate. The sizable transfer quickly caught the attention of the crypto community and sparked speculation about a potential sell-off.

The move comes as the broader crypto market continues its strong rebound into the new year, with major assets reclaiming key price levels. While the exact motive behind the transfer remains unclear, some observers believe it could reflect portfolio rebalancing or profit-taking by a large trader following the prolonged correction seen in the final quarter of 2025.

Despite the whale activity, Solana’s price has remained firmly in positive territory. At the time of writing, SOL was trading around $132, up about 5.28% over the last 24 hours. Given the ongoing price strength, some market participants remain optimistic that the transfer represents short-term profit-taking rather than a bearish shift in sentiment.