Solana Whale Makes Major Bybit Deposit, Raising Questions About Price Trajectory

A significant Solana (SOL) deposit of 39,875 SOL worth approximately $8.19 million has been made by a prominent crypto whale onto Bybit exchange, according to Onchain Lens. This move follows a notable surge in the SOL price, pushing it beyond $200 for the first time in four months. The whale previously acquired the tokens from Bybit for about $5.26 million five months ago at an average cost of $132 per token. This recent deposit has resulted in a profit of almost $2.93 million, considering the current SOL price.