Solana whales shuffle over $323 million in SOL between unknown wallets — a stealth bull case beneath surface retail panic as spot price tumbles on Israel’s airstrikes against IranSolana’s Solana
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Solana price witnessed a sharp decline on Friday, June 13, as news of Israeli airstrikes on Iranian military assets spooked markets across the board. The token plunged over 10%, falling from a daily high of $160 to as low as $140, before paring some losses to trade at $147 as of press time.
According to Glassnode data, the market bloodbath triggered over $18 million in SOL liquidations. Yet, whale addresses responded by moving large volumes of tokens between private wallets. The $323 million shuffle, equivalent to 15% of the asset’s average daily trading volume, occurred entirely off-exchange, fueling speculation about either covert accumulation or internal portfolio rebalancing among crypto’s institutional class.
Given Solana’s rising institutional footprint and expanding decentralized finance ecosystem, the timing is notable.
