🐋 WHALE ALERT: 49K
$SOL Pulled from CEX and STAKED! 🔒
The supply shock narrative just got a massive boost! A major whale has withdrawn 49,000
$SOL from the OKX exchange and moved it directly into staking, according to monitoring data from Lookonchain. 🤯
Why This is a Huge Bullish Signal for
$SOL :
Massive Supply Reduction: This single move takes a significant chunk of
$SOL out of the liquid, tradable supply and locks it up. This immediately reduces selling pressure and tightens the market.
Long-Term Conviction: Staking is the ultimate HODL signal. By committing $49K SOL (part of a total staked position now worth $109.5 Million!), the whale is signaling strong confidence in the long-term appreciation and security of the Solana ecosystem. They are not selling anytime soon. 💎
Institutional Behavior: This action mirrors the behavior seen with the
#sol ETFs (which also drive staking yield), reinforcing the idea that large capital holders view Solana as a secure, high-yield asset for long-term accumulation.
Follow the smart money! When whales withdraw assets from CEXs to stake, they are betting on price growth fueled by scarcity and utility. The total staked figure of 761,405 SOL is a testament to the network's decentralized security and value. Supply shock imminent! 🚀
#solana #WhaleAlert #staking #CryptoNews