📢Whale Unstakes 74,000+ SOL Worth Over $11 Million, Sparking Market Reactions.
A significant transaction has recently occurred in the Solana (SOL) ecosystem, where a whale unstaked 79,530 SOL tokens, valued at approximately $10.86 million. This move follows a series of substantial transactions by the same whale, who had previously withdrawn 200,000 SOL from Binance on November 8, 2023, and staked it when the price was $43. On November 6, 2024, the whale unstaked and deposited 120,000 SOL, worth $22.2 million, back to Binance. Currently, the whale holds 98,727 SOL.
These significant movements have immediate implications for SOL's market dynamics. Following the unstaking event on March 4, 2025, the price of SOL experienced a 2.3% drop from $136.6 to $133.5 within 30 minutes. This price movement suggests potential sell-off pressure on SOL, especially considering the whale's history of depositing significant amounts back to exchanges. Trading volumes on Binance for SOL/BTC and SOL/USDT pairs surged by 15% and 12% respectively within the same timeframe, indicating heightened market activity and possible increased volatility in the near term.
Such large-scale unstaking and transfers by major holders often signal shifts in market sentiment and can influence other investors' decisions. Market participants will be closely monitoring the whale's next moves, as further actions could have additional impacts on SOL's price and liquidity.
