According to The Data Nerd, a major Solana whale with the address 2gQEU unstaked 120,298 SOL (approximately $17.6 million) and transferred the full amount to Binance three hours ago (source: OnchainDataNerd via Twitter, May 7, 2025). This large deposit to a centralized exchange increases the likelihood of significant sell pressure on SOL, which could trigger volatility or a short-term dip in Solana's price. Traders should closely monitor Binance's order books and Solana trading pairs for possible large sell orders or increased volatility, as such whale movements historically precede notable price swings in the crypto market.