Solana Whale Takes Out $52.7 Million In SOL From Binance: Bullish Sign?
Summary
A Solana whale has withdrawn 374,161 SOL, valued at approximately $52.7 million, from Binance, indicating potential bullish sentiment for SOL's price. This transaction, identified by Whale Alert, involved moving funds from an exchange to an unknown self-custodial wallet, categorized as an exchange outflow. Such withdrawals typically suggest long-term holding intentions among investors, which can positively influence asset prices. In contrast, XRP experienced a significant inflow with a whale depositing 29,532,534 XRP (about $62.6 million) to Coinbase, potentially signaling selling intentions. Currently, Solana is trading at around $134, reflecting a nearly 4% increase over the past week.
