Solana!
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Alert #Solana! Wintermute withdraws 38M of #SOL from #Binance just before the 2 billion token unlock.
What does it mean? Wintermute, a trading giant, moves large amounts of SOL.
Why does it matter? A massive Solana unlock is coming, which could increase supply and affect its price.
Possible volatility: The combination of both events creates uncertainty in the market.
Industry observers are concerned about the possibility of the unlock introducing significant selling pressure for Solana, as a significant portion of the locked supply was acquired at a discount in FTX auctions.
What does it mean? Wintermute, a trading giant, moves large amounts of SOL.
Why does it matter? A massive Solana unlock is coming, which could increase supply and affect its price.
Possible volatility: The combination of both events creates uncertainty in the market.
Industry observers are concerned about the possibility of the unlock introducing significant selling pressure for Solana, as a significant portion of the locked supply was acquired at a discount in FTX auctions.
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