The $SOL market is currently experiencing intense action, with large buy and sell transactions making waves. In the past 12 hours alone, a "whale" (a term used for someone who holds a large amount of cryptocurrency) has made a major move by withdrawing 203,953 SOL, worth around $25.5 million, from popular exchanges like Bybit, OKX, and Gate.io.
At the same time, another whale made a big sale, unloading 108,688 SOL for $12.2 million USDC at a price of $112.3 per SOL. This sale happened nearly at the lowest price of the day, causing a significant loss of $7.48 million.
These SOL tokens were originally taken out of Coinbase 11 months ago when the price was much higher, around $181 per token. Now, with the current market conditions, the losses are huge for the person who held on to these tokens.
This massive shift in the market shows just how quickly the value of cryptocurrencies like $SOL can change, and how big players in the market can be affected by price swings.
#BinanceAlphaAlert #USStocksPlunge #MtGoxTransfers #ETHWhaleLiquidation #sol