Whale transfers $SOL to Binance for profit-taking? 🐋💸
Just an hour ago, this whale wallet transferred 25k SOL (equivalent to 5.09 million USD) to Binance. In total, over the past 3 weeks, this wallet has transferred up to 135k SOL to the exchange #Binance . 📊
Notably, on April 6th (when SOL hit the bottom), this address #whale pledged 1.2 million SOL (128 million USD) to protocol #Kamino to borrow 20 million USDC, in order to buy #Altcoin and ride the recovery wave. It is worth mentioning that this amount of stablecoin has not yet been returned. Could this action be a move to optimize short-term profits after SOL has seen a significant rebound from its low? 🤔📈