🔴 Big RED Circles: Means a whale just DUMPED a load of SOL. 💸 Like selling off their whole collection. Usually pushes the price DOWN! 👇
So, there was this MASSIVE Red Circle recently! 💥 Pop-up says someone sold like $5.5 MILLION worth near 127.69! That's insane!
BUT... why didn't the price just totally tank?? Kinda weird, right? 🤨 It barely flinched or even went up after!
Even if one big boss sells, if enough other people are hyped to buy at that exact price, the sell gets soaked up. Like spilling water (the sell) but having a giant sponge (the buyers) right there. 🧽
$SOL