🐋 WHALE Unstakes $221M SOL and Deposits $63M to Exchanges: Sell-Off Incoming?
📅 June 11, 2025
A major Solana whale has triggered waves in the market: they unstaked $221 million worth of $SOL (~1.33 million SOL) and transferred $63 million (≈380k SOL) to top exchanges — Binance, Bybit, OKX, and Coinbase.
🔍 Why This Matters:
📦 Exchange Inflow : Whale depositing to exchanges often signals a potential sell-off
📉 Short-Term Pressure: $SOL saw an 18% uptick in trading volume—volatility
🌐 Market Context: The overall crypto market is in consolidation—any large movement can trigger ripple effects
🧠 What to Watch:
• 📌 Resistance Areas: $170–175 — if $SOL breaks below, expect more downside
• 💸 Support Zone: Strong holders are eyeing $155–160 — could balance out
• 🧭 Strategy Tip: Consider cautious entry or hedging strategies if you’re holding near current levels
💬 What’s Your Take?
Is this whale maneuver a sign of mass profit-taking or just strategic repositioning?
👇 Share your views and strategies below!