Over $1 Billion in Solana Moves in Minutes: What’s Happening?
Analysis
Price Impact
HighOver $1 billion in solana (sol) was moved across multiple unidentified wallets in a short period. while the exact motive is unknown, such large transfers by 'whales' can significantly influence market sentiment and price action, especially if perceived as profit-taking.
Trustworthiness
MedThe fact of the large transfers is reported by whale alert, a reputable blockchain monitoring firm, and covered by u.today. however, the interpretation of the motive (e.g., profit-taking vs. reshuffling, institutional involvement) is speculative due to the wallets being unidentified.
Price Direction
NeutralImmediately after the transfers, solana's price showed a mild decline of 0.32%, returning to the 'red zone'. while this suggests potential profit-taking, the article also mentions the possibility of fund reshuffling or institutional allocation, which might have a neutral long-term effect. the immediate impact was slightly bearish, but the overall market context is a 'resurgence'.
Time Effect
ShortThe transfers occurred 'in minutes', and the price reaction (a mild decline) was observed 'shortly after', indicating an immediate, short-term effect on price.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Solana whales resurface Are Solana whales taking profits? Advertisement Amid the sudden crypto market resurgence, blockchain monitoring firm Whale Alert has spotted a series of large Solana transfers that have raised eyebrows across the crypto community. The tracker provided data revealing that large Solana holders have moved more than 7.6 million SOL worth over $1 billion within minutes. The series of large Solana transfers, which has happened among multiple unidentified wallets, has sparked discussions across the crypto community. HOT Stories Shiba Inu (SHIB) Sees New Hope, XRP Price Has 6 Days to Rebound, BlackRock Sells $314 Million in Bitcoin and Ethereum – Crypto News Digest Pro-Crypto Dove Emerges as Top Candidate to Replace Powell Morning Crypto Report: XRP Bags $164 Million for ETF, Shiba Inu (SHIB) to Lose Zero, Insane $1.75 Billion Option Bet on Bitcoin Price to Rise Portnoy Teases XRP Bears: 'Imagine Not Buying the Dip?' Solana whales resurface While it is not uncommon for Solana whales to pull such large tokens in major transfers, the timing and frequency of these transfers could not be overlooked, sparking concerns among investors about the motive behind the transfers. Advertisement The series of mysterious moves saw over 7.6 million Solana tokens move in six separate transactions. First, 969,873 SOL worth about $133.48 million was transferred between two unknown wallets. You Might Also Like Sat, 11/22/2025 - 13:22 Solana Crashes 49% in Market Value, but Unique Bullish Divergence Appears By Tomiwabold Olajide In another move, 1,629,999 SOL valued at $223.76 million was also transferred among unknown wallets, followed by an 858,394 SOL transfer worth $117.52 million a few minutes after. Next, two identical transfers carrying 1,630,000 each were also executed among wallets that were not identified. The last transfer witnessed during the period carried 970,283 SOL worth $132.77 million. Are Solana whales taking profits? While the senders and destinations of each of the transfers remained unclear, details provided by the source show that several of the transfers were associated with newly created wallets. Hence, this has seen market watchers wonder if the moves could be an attempt from an institution, possibly a Solana ETF or high-profile holder, to sell off their holdings or take profits following the sharp price resurgence, or a mere reshuffling of funds which could barely affect the token’s current price trajectory. Nonetheless, it is important to note that Solana’s price has briefly returned to the red zone shortly after the large SOL movements. Despite showing notable gains earlier today, Solana has now slowed down on its recovery with its price showing a mild decline of 0.32% over the last day while trading at $136.56 as of writing time, according to data from CoinMarketCap. #Solana #Solana Price Prediction #Solana ETF