A cold, calculating whale lurked in the depths of the Solana blockchain, identified by the address DGWhYmLB3fm9TfQbGWq5PW1kXCb3KawEHR6HNGa6p6gq. Known among crypto circles for its massive movements, this entity wielded immense power over the price of $SOL, capable of sending ripples—or waves—across the market with a single transaction.
Over the past three days, the whale emerged from its quiet slumber. With precise timing, it unstaked a colossal 200,000 $SOL, worth approximately $29.8 million. Instead of holding, it made a familiar move: funneling the entire amount to Binance through the AgsY...H9Hs intermediary account, drawing the attention of traders and market analysts alike.
This wasn’t the first time the whale’s actions rattled the market. Its history was already infamous. Between June 7 and July 7, this very whale had liquidated 1.2 million $SOL—an astounding $178 million. That sell-off had been nothing short of catastrophic. The price of $SOL crumbled from $170 to $128, as investors scrambled in panic, trying to figure out the whale’s next move.
Now, whispers spread across the crypto world once again. With 200,000 $SOL freshly deposited in Binance, traders and analysts knew they were on the edge of another potentially massive event. Was the whale preparing for another market-shaking sell-off? Would the SOL price be driven down further? Or was it simply accumulating for an even larger move?
Tension built as the market braced itself for what the whale’s next step might be, knowing that one decision could shift the tides of Solana's price in an instant.
