PANews, September 20 – Blockchain analysis platform Lookonch
Rownak Amin Shrabon
Updated at: 2 hours ago
{"content":"PANews, September 20 – Blockchain analysis platform Lookonchain has reported a notable whale transaction involving wallet 9PYSeq earlier today.
Transaction Details: Approximately 5 hours ago, the whale deposited $32.4 million worth of USDC into Binance.
Shortly after, the whale withdrew 134,628 SOL, valued at roughly $31.8 million at the time of transfer.
This large-scale purchase places wallet 9PYSeq among the most active institutional-level holders of Solana (SOL) in recent weeks.
📊 Market Context:
SOL has recently seen rising volumes amid broader optimism in the altcoin market.
Whale movements of this scale are often interpreted as signs of confidence, though they can also precede significant volatility.
The $600k difference between the USDC deposit and the SOL withdrawal may represent transaction fees, exchange slippage, or partial unused funds.
Such strategic movements continue to highlight the role of whales in shaping liquidity and market sentiment for top assets like SOL.
#BinanceHODLerBARD #BNBChainEcosystemRally #BinanceHODLerAVNT
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