🧐 Are $SOL Whales Giving Up?
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LOL, it looks like some big SOL holders may be cashing out! Over the past three days, 111,600 SOL ($22.01M) has been sent to exchanges, suggesting that whales or large institutions may be selling off their holdings. 🚨
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Looking back, this whale withdrew 271,331 SOL from multiple exchanges in May 2024, at an average price of $182. If they decide to sell SOL now, they will lock in a sweet profit of $1.668M! 💰
So the question is: Is this whale just taking profits after making impressive gains, or do they see something happening in the market that makes them decide to exit? 🤔
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This move is certainly drawing attention, as decisions by large whales can often have a major impact on the value of a cryptocurrency. Regardless, investors should keep a close eye on what happens next for $SOL. 📉