🚀💥 Mysterious Whale Earns $153 Million: SOL Sell-off Sparks Heated Discussion in Crypto Circle! 😱🔥

Stunning Arbitrage by Whale

Lookonchain tracked a Solana (SOL) whale that deposited 100,000 SOL (approximately $13.9 million) into Binance, netting $153 million! This whale accumulated 991,000 SOL at an average price of $27 four years ago, and with the current price at $140, still holds 1.19 million SOL (about $166 million), suspected to be a strategic adjustment rather than a liquidation.

Market Discussion and Divergence

Platform X explodes with discussion: Some speculate that funds are rotating between SOL and ETH, as Galaxy Digital sold 105 million ETH to purchase 100 million SOL to support this theory; another new wallet withdrew 44,000 SOL (worth $6.15 million) from Binance for staking, clearly showing distinct whale strategies.

Bullish Technical Outlook for SOL

The current price of SOL is $140.29, up 0.8% for the day, 6% for the week, and soaring 29% over 14 days. Prices are consolidating in a narrow range between $134.72 and $140.35, but the daily chart shows a descending wedge and cup-and-handle formation, with $129-$130 as key support, suggesting upward potential.

Crypto Market Trend

Whale sell-offs and staking coexist, and while SOL's trend is consolidating, it hides explosive potential! Is this a good buying opportunity or a trap? The market holds its breath in anticipation!