$SOL wale transfers 1M $SOL coin.

Key Market Developments

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

• SOL trading at $199.06, up from $177, approaching local high of $204.13

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

• Broader altcoin market up 20% in past week

Possible Explanations

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

• ETF inflows totaling $92.8M in two weeks

• Strategic rebalancing before key resistance test

• Preparation for staking/liquidity provision

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