- SOL was trading at $54.83 at press time after its price dropped 1.89% over the past day.
- Whale Alert announced that a whale transferred SOL worth more than $10 million to Binance.
- Should SOL close today’s daily candle under $56.95, it may be at risk of falling to as low as $47.60.
The whale tracking platform Whale Alert shared in an X post earlier today that a whale transferred a huge amount of Solana (SOL) tokens to an exchange. According to the post, about 199,999 SOL was moved from an unknown wallet to Binance. The transferred SOL was worth approximately $10,487,432.
199,999 #SOL (10,487,432 USD) transferred from unknown wallet to #Binancehttps://t.co/tMzK6oRuOl— Whale Alert (@whale_alert) November 21, 2023
Consequently, rumors of a possible sell-off circulated within the cryptocurrency community and among traders. Talks of a selloff might not be so far-fetched as SOL’s price decreased by 1.89% over the past 24 hours of trading.
As a result, CoinMarketCap data indicated that, at press time, the Ethereum-killer was trading at $54.83 after it set a low price of $51.56. SOL also saw a more than 28% increase in its 24-hour volume, which ended up…
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