On-chain data shows that a certain whale has just unstaked 110,000 SOL and quickly transferred this asset worth approximately 23.51 million USD to Binance exchange.

Interestingly, this big player has been staking SOL for as long as four years, making them a veteran diamond hand. However, in the past five months, they have unstaked over 310,000 SOL in total.

With the SOL price nearing its historical high of 210 USD, this old OG chose to cash out, a signal worth reflecting on for all SOL holders. Is this a smart exit at the top, or merely a rebalancing of assets? The market will provide the answer.