A significant SOL (Solana) holder, known as a whale, has recently unsecured a staggering 505,034 SOL - a sum equating to approximately US$31.7 million. According to Lookonchain monitoring and reported by BlockBeats on November 16, the majority of these SOL tokens have been subsequently placed into major crypto exchanges, Binance and Kraken.
Despite this considerable transaction, the whale in question continues to have a substantial portfolio, with a remaining pledge of about 2.9 million SOL. This remaining sum is currently valued at an approximate total of $184 million. Further developments on this noticeable strategic move by the whale will likely influence SOL's market behavior in the coming days.
