🚨 $3.1M $SOL Whale Exit vs $77M Institutional Accumulation — Solana’s Market Split

A Solana whale just booked $3.1M profit after unloading 5K $SOL ($1.04M) to Kraken, adding selling pressure from early large holders. At the same time, DeFi Development Corp scooped up $77M in Solana — showing institutional appetite remains strong despite profit-taking.

Deribit open interest in SOL is sliding as traders pull back on leverage, creating an unusual setup: whales cashing out, retail leverage cooling, but big players still stacking heavy. This tug-of-war could fuel serious volatility and decide whether Solana stabilizes for a push higher or stalls under renewed selling.