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Large profit-taking exit signals appear on the Solana chain. A whale wallet on WHITEWHALE recorded a profit of +$327K, a rise of up to 2,851%.
Specifically, the whale has converted $65K of its position into USDC, and then quickly moved out over $200K of stablecoins. In the past hour, sell orders accounted for 63%, significantly higher than buy orders. More notably, the token's liquidity on DEX is only around $1.18M, indicating insufficient market depth.
The withdrawal of large holders often signals the formation of a local top. The current trading structure and capital outflow pace warrant caution. Set up alerts and track the subsequent actions of such whales to better understand market turning points.