Binance Sees Major SOL Deposit Amid Market Speculation

In a move that has captured the attention of the cryptocurrency market, a significant SOL whale has deposited a large sum of Solana tokens into Binance, sparking widespread speculation about potential market movements. Despite the substantial transfer, the whale’s continued staking of SOL suggests long-term confidence in the network, adding a layer of complexity to the narrative.

Solana Whale Action Stirs Market Speculation

A Solana [SOL] whale has deposited 71,448 SOL (worth $8.54 million) to Binance, stirring speculation across the market. Despite this massive move, the whale continues to hold 568K SOL ($68 million) in staking, signaling confidence in the long-term value of the network. This has traders wondering whether a selloff is on the horizon, but technical and behavioral signals suggest a different narrative might be unfolding. Solana was trading at $118.74, down 4.41% in the last 24 hours.

Binance Flags 10 Altcoins for Potential Delisting

Binance has flagged 10 altcoins for potential delisting due to higher volatility and risk compared to other listed tokens. These tokens will be added to the Monitoring Tag list and closely monitored with regular reviews to assess their compliance with the platform’s listing criteria. The affected tokens are Ardor (ARDR), Biswap (BSW), Flamingo (FLM), LTO Network (LTO), NKN (NKN), PlayDapp (PDA), Perpetual Protocol (PERP), Viberate (VIB), Voxies (VOXEL), and Wing Finance (WING).