🚨 $SOL Whale Cashes Out $1.5M Profit as Futures Signal Caution

A major Solana whale just took some chips off the table.

Fireblocks Custody moved 7,500 SOL (worth about $1.56M) to Coinbase, locking in more than $4.49M in profit from its overall Solana stash. The timing shows classic profit-taking while prices were still holding strong.

On the flip side, long-dated $SOL futures are trading at a discount, which points to a more cautious outlook from institutions. It’s a signal that not everyone is ready to bet on a smooth ride higher.

But under the surface, Solana’s ecosystem keeps building momentum.

Perps and DEX volume hit record levels in August.

Stablecoin supply on Solana is growing fast, with USDC flows climbing.

Active addresses and new tokens on-chain keep rising.

So while whales are cashing out and futures show some hesitation, the fundamentals still look strong. In the short term, SOL might cool off. Longer term, the network growth tells a very different story.