Whales Withdraw 376,076 Solana Tokens Worth $80.7 Million from Binance

Solana (SOL) has surged over 40% since early August, reaching its highest price since February. This increase has sparked renewed bullish sentiment among traders as they watch for potential consolidation or continued momentum.

Strong network activity and DeFi adoption support optimism in Solana's ecosystem.
Whale accumulation of SOL indicates confidence in its long-term potential, with significant withdrawals totaling 376,076 SOL (approximately $80.7 million) observed recently.
Large-scale withdrawals from exchanges to DeFi protocols suggest whales intend to hold or strategically deploy capital.
Technical analysis shows SOL testing key resistance around $220–$225, with a breakout potentially leading to prices above $250.
Current trading price is $218.91 after a daily rise of 9.37%, supported by higher lows and consistent buying pressure.

The market dynamics indicate that if Ethereum continues to consolidate, capital may flow into SOL and other altcoins, further enhancing their rally potential.