Whale Moves 130K SOL Worth $26.45M to Binance, OKX, Bybit, Gate.io

A Solana whale has transferred 130,000 SOL, valued at approximately $26.45 million, to four major cryptocurrency exchanges. Blockchain data from Solscan shows the tokens were deposited into Binance, OKX, Bybit, and Gate.io within the last three hours. On-chain tracker Lookonchain identified the sender wallet as CMJiHu, confirming the large-scale movement early Thursday.

Significant Transaction Raises Market Attention

Large transfers from private wallets to exchanges often draw close scrutiny from traders and analysts. Such movements can indicate an intention to sell, although not all result in immediate price changes. According to recent market observations, substantial exchange inflows can influence short-term sentiment. Traders are now monitoring SOL’s price action closely to determine whether selling pressure emerges following this transaction.

Solana’s Market Position

Solana is still a top cryptocurrency, mainly because its high-speed blockchain and expanding ecosystems for DeFi and NFTs are so popular. The recent whale transfer comes amid steady SOL trading volumes and a volatile broader crypto market. Analysts note that the timing and scale of the movement could impact order book liquidity across the listed exchanges.

Possible Scenarios Ahead

While some market participants interpret the deposit as a potential sell signal, others suggest it could be part of a broader portfolio rebalancing strategy. Whales sometimes move funds between exchanges to take advantage of arbitrage opportunities or participate in staking and liquidity programs. If the tokens are sold on spot markets, increased supply could apply downward pressure on SOL’s price. Conversely, if they remain idle or are withdrawn later, the impact may be minimal.

Broader Implications

This transaction highlights how whale movements can influence market narratives and trading behavior. Real-time blockchain tracking tools like Solscan and Lookonchain have made such activity more visible, enabling traders to respond quickly to large-scale transfers. For now, market watchers will be looking for follow-up movements from the CMJiHu wallet to assess the whale’s next move. Until then, the $26.45 million transfer stands as one of the day’s most notable on-chain events for Solana.