SOL Worth $10+M Moved to Binance: Is a Sell-off Brewing?

Whale Alert reports a massive transfer of 199,999 #SOL tokens worth $10,487,432 from an unknown wallet to #Binance. 🐋 Speculation of a sell-off emerges, causing a 1.89% dip in SOL's price. Current trading at $54.83 with a 28% surge in 24-hour volume, totaling $2,531,052,798.

SOL faces a critical test below the $56.95 support level. If today's candle closes under, potential drop to $47.60. However, optimism brews with BIT exchange's announcement of SOL options trading, addressing institutional demand.

Technical analysis: A close above $56.95 in the next 48 hours could pave the way for a short-term rise to $68.85. Stay tuned for market dynamics!

Disclaimer: Information shared for educational purposes only. Not financial advice. Exercise caution before making any decisions. #cryptocurrency #solana #SOL #whalealert