Solana Whale Deposit Sparks Debate: Is the Price Heading Down, Or is This Just Strategy?

A large Solana (SOL) wallet recently transferred 71,448 SOL to Binance, worth over $8.5 million. The transfer has fueled speculation about potential price declines in the near future, as it coincides with a trend of large holders selling more than 149,000 SOL over the past 24 hours. These sales occurred within a price range of $102 to $108, raising concerns among traders who are closely watching key support levels.