- Whale Moves Big, But Not Out: A Solana whale unstaked 100,000 SOL (~$13.9M) and sent it to Binance after holding for 4 years. Despite the move, they still hold over 1.19M SOL, suggesting this may be a portfolio adjustment, not an exit.
- Market Split on Signals: While some big players seem to be selling off SOL (and ETH), others are buying and staking, hinting at mixed strategies among large holders. Meanwhile, technical patterns like a bullish cup-and-handle are fueling optimism.
- SOL Holding Strong: Solana is consolidating around $140 after a 38% run earlier this month. Weekly and biweekly gains remain solid, supported by bullish technical signals and growing interest near key support levels around $129–$130.
A mysterious whale has gotten the Solana community buzzing after unstaking 100,000 SOL—roughly $13.9 million—and sending it straight to Binance. The move, spotted by the folks at Lookonchain, comes after four years of staking silence. Yep, this wasn’t some quick flip. The whale originally picked up 991,079 SOL at an average of $27. Not bad, right?
Now, with SOL trading around $140, this investor’s total gains (realized and unrealized) are sitting north of $153 million. And interestingly enough, even after the withdrawal, they’re still sitting on 1.19 million SOL, worth about $166.37 million. So maybe this wasn’t an exit move—could just be a strategic reshuffle.
Solana vs. ETH? Maybe.
Of course, it didn’t take long for the crypto crowd on X to start speculating. One user suggested this could be a sign of a SOL-to-ETH rotation, especially since Galaxy Digital recently dumped $105 million worth of ETH into Binance while pulling nearly $100 million in SOL from Binance.
That’s not all—Galaxy also sent $80M in ETH to both Binance and Coinbase last week. Meanwhile, other whales unloaded another 143,000 ETH, worth about $230 million. So yeah, there’s definitely something going on in the deep end of the pool.
But just to keep things spicy, Lookonchain also spotted a fresh wallet withdrawing 44,116 SOL (about $6.15M) from Binance and immediately staking it. So while one whale’s trimming down, another one’s loading up.
What’s Happening on the Charts?
Solana’s price action has been… well, a bit of a slow dance lately. As of now, SOL is trading at $140.29—up just 0.8% on the day. The token’s range has stayed tight, bouncing between $134.72 and $140.35 over the past 24 hours. Looks more like consolidation than any real breakout attempt, honestly.
Still, on the weekly chart, it’s up 6%, beating the broader crypto market (which is up 5%) and leaving the Coinbase Index flat-footed. Zoom out a bit more, and SOL has pumped 29% over the past two weeks. But here’s the catch—its monthly gain is just 5.9%, which tells us there’s been some back-and-forth since that earlier breakout surge.
That breakout? Yeah, it was a strong one—38% in just 10 days. And it wasn’t just hype. TA nerds pointed out a bullish falling wedge pattern and a textbook cup-and-handle setup on the daily timeframe. Those patterns lined up perfectly with a big interest zone around the $129–$130 level, which now looks like solid support.
