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Details: ht
Solana (SOL) Price Correction: Whale Moves Under the Surface 🧐
SOL's showing a correction after its rally. Testing $295 now. Looks healthy enough. But charts only tell part of the story. What about the whales?
My on-chain digging revealed something interesting.
Something's happening. Big SOL outflows from exchanges. Seems like major players are scooping up during this dip. They're moving coins to cold storage. Less supply floating around. Selling pressure drops.
Big wallets aren't flinching. Actually, they're buying more. Slowly accumulating over the week. No panic selling in sight. These folks clearly believe in something.
Some early birds are taking profits. That's normal. But those "Smart Money" wallets? They're jumping in. Trading stablecoins for SOL right on-chain. Absorbing the hits. Kind of surprising how confident they seem at these prices.
This signal feels strongest. About 70% of all SOL sits staked. Generating yield. Securing the network. Whales don't seem bothered by daily price swings. Long-term believers, these ones.
Final Take:
The evidence looks pretty solid. Whales aren't running—they're buying. Outflows from exchanges, ongoing accumulation, all that staked SOL... it points to something sturdy underneath.
Technical stuff will bounce around. But these whales? They're positioning for upward movement. It's not entirely clear why they're so confident, but their moves show why whales dominate this market.
What do you make of all this whale activity?