#SOL $SOL #SolanaAnalysis

Large Solana investors, known as whales, transferred $500 million worth of SOL in six transactions in the last 24 hours.

Approximately $230 million worth of 1.6 million SOL was transferred to a Coinbase-affiliated wallet. The move was described by many investors as a sell-side transaction. However, the vast majority of the transactions involved transfers between unknown wallets, suggesting asset management rather than a mass sale.