A whale holding Solana made a single transaction transferring approximately 53.1 million USD worth of 407,001 SOL tokens to the Gate.io exchange, sparking speculation of profit-taking. At the time of this transfer, Solana's price increased by over 5% within 24 hours, reaching approximately $132, continuing the recent market rally. Although the motive has not been confirmed, the community generally believes this could be a portfolio rebalancing during an upward trend.
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A whale holding Solana made a single transaction transferring approximately 53.1 million USD worth of 407,001 SOL tokens to the Gate.io exchange, sparking speculation of profit-taking. At the time of this transfer, Solana's price increased by over 5% within 24 hours, reaching approximately $132, continuing the recent market rally. Although the motive has not been confirmed, the community generally believes this could be a portfolio rebalancing during an upward trend.