Recent on-chain data suggests that several large Solana (SOL) holders, often referred to as "whales," may be preparing to sell their holdings. Lookonchain, a blockchain analytics platform, reported significant movements from three whale addresses to centralized exchanges. Specifically, the address beginning with CMJiHu transferred 96,996 SOL, valued at approximately $17.45 million, to an exchange nine hours ago. Another address, starting with 5PjMxa, deposited 91,890 SOL, worth $15.98 million, to Kraken three hours ago. Lastly, the address HiN7sS moved 37,658 SOL ($6.73 million) to Binance eight hours ago. This whale realized a reported profit of $1.63 million. Deposits to exchanges are often interpreted as an intention to sell, as opposed to simply holding the assets. It remains to be seen whether these transfers will result in significant selling pressure on SOL. Keep an eye on the SOL market for potential price fluctuations. ```