💥💥Solana Price Dropped: Binance Whale Strikes Again 💥💥
A whale that caused the price of Solana (SOL) to fall with its transactions in the past months may now be selling again.
According to information shared by on-chain data platform Lookonchain, a whale unstaking 200,000 Solana ($29.8 million) in the last three days and transferred it to Binance via the AgsY…H9Hs address. This situation increases concerns about possible selling pressure among market followers.
The Solana price has increased by 9.3% in the last seven days, reaching over $150. The total market value of SOL is over $70 billion.
The Solana price had decreased in the previous period. The same whale sold 1.2 million SOL ($178 million) between June 7 and July 7, and after these sales, the SOL price dropped from $170 to $128. This large-scale sale created significant volatility in the market, and investors are closely following the whale's movements.
The new transfer brings with it speculation that the whale may make another large sale. If these SOLs are sold on Binance, there could be significant selling pressure in the market and a decrease in the SOL price. Investors should carefully monitor the effects of this possible sale on the SOL market.
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