Solana

A significant amount of <a href="https://optimisus.com/news/crypto-news/solanas-jupiter-dex-plans-token-airdrop-as-a-big-thank-you/" rel="noopener noreferrer nofollow">Solana (SOL)</a> tokens, totaling around 200,000 SOL and valued at more than $10 million, were transferred to Binance, causing a jolt in the cryptocurrency market.  
This significant movement has fueled speculation about a possible sell-off, resulting in a 1.89% drop in SOL's price in the last 24 hours.  
A crypto whale transferred 200,000 SOL tokens to Binance, causing concern and rumors in the cryptocurrency community.  
The timing of this transfer coincided with a slight drop in the price of SOL, prompting market participants to speculate on the motivations behind such a large movement.  
The impact of the transfer was felt in the price of SOL, which dropped 1.89% to $54.83. The most intriguing aspect, however, is the increase in trading volume, which has surpassed $2.5 billion.  
This increase indicates increased market activity, which could be fueled by increased interest from both retail and institutional traders.  
Despite the sell-off rumors, Solana's resilience is evident in the BIT exchange's announcement of Solana options trading.  
This action indicates a growing institutional interest in <a href="https://coinliberal.com/solanas-price-slides-6-over-fears-of-ftx-dump/" rel="noopener noreferrer nofollow">SOL</a>, which could help mitigate the negative effects of a large-scale sell-off.  
The price of SOL fell below a critical support level of $56.95, raising concerns about further declines. Analysts warn that if SOL does not quickly recover above this level, it may face additional pressure, potentially falling to $47.60.  
A successful recovery above $56.95, on the other hand, could pave the way for a short-term uptrend with a target around $68.85, providing a glimmer of hope for market recovery. 
The post <a href="https://optimisus.com/news/crypto-news/whale-moves-200000-solana-sol-worth-around-10-million-to-binance/" rel="noopener noreferrer nofollow">Whale moves 200,000 Solana (SOL) worth around $10 million to Binance</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Whale moves 200,000 Solana (SOL) worth around $10 million to Binance

Optimisus

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