Major Whale Move: $41.4M in $SOL Withdrawn from Binance—What’s Next for Solana?
Two whales have withdrawn $41.4M worth of $SOL from Binance, signaling potential shifts in market dynamics.Solana is trading at $177.59, positioning it between key resistance and support levels, indicating market uncertainty.With an RSI of 63.47 and the MACD above the signal line, Solana shows short-term bullish momentum.According to Lookonchain’s recent X post, the cryptocurrency market witnessed significant movements in Solana ($SOL). The move involved two major whales withdrawing a substantial 238,893 $SOL, equivalent to $41.4 million, from Binance. This large-scale withdrawal and subsequent staking of $SOL highlight notable shifts in the market and potential impacts on Solana's price.
At press time, Solana is trading at $177.59, with a 24-hour trading volume of $2.98 billion. This recent activity suggests a complex market sentiment, influenced by various factors including technical indicators and key support and resistance levels.
