PANews reported on August 12th that major SOL deposits by whale addresses, including transactions on Kraken and Binance, signal significant market activity.
According to PANews on August 12th, Lookonchain monitoring data revealed that SOL whales have been depositing large amounts of SOL into exchanges. Notable deposits include 96,996 SOL (approx. $17.45M) by address CMJiHu nine hours ago, 91,890 SOL (approx. $15.98M) by address 5PjMxa into Kraken three hours ago, and 37,658 SOL (approx. $6.73M) by address HiN7sS into Binance eight hours ago, with one transaction earning a profit of $1.63M.