According to The Data Nerd, two cryptocurrency whales have recently deposited a total of 82,718 SOL, valued approximately at $12.54 million, into Bybit and Binance. This significant movement could influence the SOL market as large deposits often precede market fluctuations. Traders should monitor these exchanges for potential price impacts.

According to Lookonchain, a newly created wallet has withdrawn 44,116 SOL (valued at $6.15 million) from Binance and staked it. This substantial movement of Solana tokens might influence the liquidity and staking dynamics within the Solana ecosystem. The withdrawal could indicate a bullish sentiment towards Solana, as staking typically reflects confidence in the asset's long-term value. Traders should monitor Solana's staking statistics on platforms like Solscan for potential impacts on the market supply and price volatility. This significant transaction might lead to a decrease in available SOL for trading, potentially affecting market liquidity and price action.

According to Lookonchain, Galaxy Digital has withdrawn 606K SOL, equivalent to $79.7M, from exchanges and staked 462K SOL, valued at $60M, over the past four days. This significant movement of Solana tokens suggests a strategic shift towards long-term holding and network support, potentially influencing SOL's market price and liquidity. Traders should monitor Solana's network metrics and Galaxy Digital's further actions for potential impacts on trading strategies.

According to @EmberCN, Solana (SOL) has been under consistent selling pressure from two major entities. Since November 2023, FTX/Alameda has sold 8.031 million SOL, valued at $1.03 billion, at a monthly frequency, typically around the 10th, with each sale involving approximately 180,000 SOL. Additionally, since early 2024, Pump has sold 3.403 million SOL, worth $629 million, at a frequency of 1-2 times per month. These activities are significant for traders as they can affect SOL's market liquidity and price volatility.