Solana Update — Aug 10
• Price Action: $SOL broke above $180 after a 17% weekly rally, but trading volume dropped 10%, hinting at profit-taking.
• Staking Moves: 8M $SOL (~$1.4B) unstaked, possibly for cash-outs, raising correction risks.
• Whale Alert: Galaxy Digital sent 224K $SOL ($41M) to Binance & Coinbase, potential sell pressure.
• Adoption: Exodus will tokenize its Class A stock on Solana via Superstate, opening doors for fractional equity ownership.
Takeaway: Bullish momentum is strong, but whale activity and massive staking withdrawals could trigger volatility.
