Solana whale moves $148m of SOL to exchanges in 10 days
On-chain data shows a single large holder transferred 1.49 million tokens to trading venues. Solana traded near $95.55 as the deposits took place.
Key takeaways
- 1A single whale wallet deposited 1.49 million SOL into multiple exchanges over 10 days.
- 2The total value of the transferred tokens was approximately $148.77 million.
- 3Solana held a market capitalisation of $56.4 billion at a price of $95.55 on 2 November 2026.
A large cryptocurrency holder deposited 1.49 million Solana tokens worth approximately $148.77 million into multiple digital asset exchanges over a ten-day period ending 2 November 2026. On-chain analytics service Lookonchain tracked the wallet activity and reported the substantial token transfers across several trading venues.
The transactions involved a single whale entity moving funds out of non-custodial wallets and sending them directly onto exchange deposit addresses. Transfers of large token balances to centralised trading platforms are closely watched by market participants because they often precede open-market sales or use in derivative positions. Lookonchain did not disclose the identity of the individual or entity controlling the source wallets.
Solana is a public blockchain network designed to host decentralized applications, holding the position of the seventh-largest cryptocurrency by market capitalisation globally. According to YourKhabri market data, Solana's native token was trading around $95.55 with an overall market valuation of $56.4 billion when the wallet activity was recorded on 2 November.
Substantial exchange deposits introduce circulating liquidity onto order books, which can exert downward pressure on spot prices if liquidated. Market participants will watch wallet addresses connected to the entity to monitor whether further token deposits occur or if exchange balances shrink as funds are withdrawn.
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Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.