Major

Solana

Strong

<p>Major crypto holders have made substantial withdrawals of <a href="https://captainaltcoin.com/?s=SOL&amp;post_type=post" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL)</a> from Binance, as the asset’s price climbs. Data from blockchain analytics platform Lookonchain shows four large wallet addresses moved over 185,000 SOL tokens worth approximately $42.46 million from the exchange within hours.</p>
<h2 class="wp-block-heading" id="strong-whale-activity-signals-strong-market-movement-strong"><strong>Whale Activity Signals Strong Market Movement</strong></h2>
<p>Blockchain data reveals a series of large-scale SOL withdrawals from Binance.&nbsp;</p>
<p>The largest transaction came from a wallet ending in w6tR, which moved 100,010 SOL valued at $22.46 million. Three other wallets followed with notable withdrawals – 46,103 SOL ($10.81M), 20,897 SOL ($5M), and 18,500 SOL ($4.2M).</p>
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   <p lang="en" dir="ltr">Whales are accumulating <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>!<br><br>In the past 24 hours, 4 whales withdrew 185,510 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> ($42.46M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a>.<br><br>BnwZ…w6tR withdrew 100,010 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($22.46M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> 16 hours ago.<br><br>CZwk…qjwN withdrew 46,103 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($10.81M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> in the past 18 hours.<br><br>FxfH…T7wp… <a href="https://t.co/AFBWA9NQch" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/AFBWA9NQch</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1864206800125592063?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 4, 2024</a>
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<p>These movements happened as SOL maintained its upward price trajectory. The transfers suggest growing interest from institutional investors and high-net-worth individuals in holding SOL tokens outside centralized exchanges.</p>
<h2 class="wp-block-heading" id="strong-sol-technical-analysis-points-to-bullish-momentum-strong"><strong>SOL Technical Analysis Points to Bullish Momentum</strong></h2>
<p>Market analyst @CryptoJelleNL points out SOL’s bounce from the 200 exponential moving average (EMA). The token broke out of a falling wedge pattern, suggesting potential price appreciation. Moreover, the analyst predicts a potential rally to new highs following the breakout.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="448" src="https://captainaltcoin.com/wp-content/uploads/2024/12/Gd8JqO3XAAAebNF-1024x448.jpeg" alt="" class="wp-image-592780" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/Gd8JqO3XAAAebNF-1024x448.jpeg 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/Gd8JqO3XAAAebNF-300x131.jpeg 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/Gd8JqO3XAAAebNF-768x336.jpeg 768w, https://captainaltcoin.com/wp-content/uploads/2024/12/Gd8JqO3XAAAebNF-1536x672.jpeg 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/Gd8JqO3XAAAebNF-2048x896.jpeg 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/Gd8JqO3XAAAebNF-343x150.jpeg 343w, https://captainaltcoin.com/wp-content/uploads/2024/12/Gd8JqO3XAAAebNF-100x44.jpeg 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/Gd8JqO3XAAAebNF-800x350.jpeg 800w, https://captainaltcoin.com/wp-content/uploads/2024/12/Gd8JqO3XAAAebNF-788x344.jpeg 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/Gd8JqO3XAAAebNF.jpeg 1588w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Source: </em></strong><a href="https://x.com/CryptoJelleNL/status/1864219585970376901" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Jelle</em></strong></a>
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<p>CoinGecko data shows <a href="https://www.coingecko.com/en/coins/solana" target="_blank" rel="noopener noreferrer nofollow">SOL trading at $236.57</a>, marking a 5.02% increase over 24 hours and a 0.27% rise across the week.</p>
<p>The total trading volume reached $10.65 billion, demonstrating active market participation. These metrics align with the broader market sentiment surrounding SOL’s price action.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/heres-why-stacks-stx-has-been-booming-pretty-strongly-expert/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Here’s Why Stacks (STX) Has Been ‘Booming Pretty Strongly’: Expert</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-institutional-interest-through-etf-filing-strong"><strong>Institutional Interest Through ETF Filing</strong></h2>
<p>Grayscale’s move to file for a <a href="https://www.binance.com/en/square/post/12-03-2024-grayscale-and-nyse-submit-solana-etf-filing-to-sec-17085657557913" target="_blank" rel="noopener noreferrer nofollow">Solana ETF</a> marks another development in SOL’s market presence. Crypto analyst @seth_fin notes this institutional development alongside technical analysis suggesting further upside potential.&nbsp;</p>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><br>Grayscale just filed for <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Solana</a> ETF! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f92f.png" alt="🤯" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> about to send <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Bull flag breakout needs continuation. <br><br>Send Sol to 800-1400 USD! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/ALTSEASON?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ALTSEASON</a> incoming!<br><br>Not financial advice <a href="https://t.co/2GKmQaxjXl" target="_blank" rel="noopener noreferrer nofollow">https://t.co/2GKmQaxjXl</a> <a href="https://t.co/x7ehs1rnrv" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/x7ehs1rnrv</a></p>— Seth (@seth_fin) <a href="https://twitter.com/seth_fin/status/1864059245550825797?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 3, 2024</a>
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<p>The ETF filing represents growing mainstream finance interest in providing regulated SOL exposure to traditional investors.</p>
<p>The combination of whale activity, technical breakouts, and institutional developments paints a comprehensive picture of SOL’s current market dynamics. Trading data and on-chain movements continue to shape the asset’s trajectory in the crypto markets.</p>
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<p>The post <a href="https://captainaltcoin.com/solana-whales-on-the-move-sol-price-eyes-new-ath-amid-etf-filing/" rel="noopener noreferrer nofollow">Solana Whales on the Move: SOL Price Eyes New ATH Amid ETF Filing</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Solana Whales on the Move: SOL Price Eyes New ATH Amid ETF Filing

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