Millions in Solana Transferred to Unknown Wallets As SOL Dumps

Millions in Solana Transferred to Unknown Wallets As SOL Dumps

Over $120 million worth of Solana’s SOL token traded in three transactions within 24 hours.
Whale Alert detected the activity as SOL’s value decreased from recent highs.
Two initial transactions involved transfers of 899,999 SOL and 900,000 SOL, both valued at $50.5 million, between unknown wallets.
Over $120 million worth of Solana’s SOL token changed hands across three hefty transactions executed by anonymous whale accounts over the past 24 hours. Cryptocurrency transaction tracker Whale Alert picked up the on-chain activity, which arrived as the blockchain’s native crypto asset trades down from its recent record highs.
The first two transactions, logged within two hours of each other, involved transfers of 899,999 SOL worth $50.5 million and 900,000 SOL valued at $50.5 million between unknown wallet addresses. The third transfer saw another whale account shift 336,999 SOL worth $19.1 million directly to top crypto exchange Coinbase.

900,000 #SOL (50,465,194 USD) transfe

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