😳😳 🐋🐋 Transfer 1M

• A large whale transferred 1,079,999 SOL ($206.7M) on July 21, 2025

• SOL is trading at $199.06, up from $177, approaching the local maximum of $204.13

• Technical indicators: RSI overbought (79.73) but MACD remains bullish

• The overall altcoin market rose 20% in the last week

Possible Explanations

• Institutional positioning (DeFi Development Corp accumulated ~1M SOL)

• ETF inflows totaling $92.8M in two weeks

• Strategic rebalancing before an important resistance test

• Preparation for staking or liquidity provision.

$SOL