A Solana whale deposits over $26 million in SOL to multiple exchanges, raising market interest and potential volatility.
- Solana whale deposits $26 million in SOL to exchanges.
- Potential short-term market volatility for SOL.
- Close monitoring by traders and analysts.
A major Solana whale, using the wallet CMJiHu, transferred approximately 130,000 SOL (over $26 million) to Bybit and other exchanges, intensifying market scrutiny on August 14, 2025.
These transactions could herald increased SOL market volatility, with traders closely monitoring price actions amid potential selling pressures, lacking immediate institutional response or notable industry commentary.
A major Solana (SOL) whale has deposited over 130,000 SOL, valued at more than $26 million, onto centralized exchanges like Bybit within the last 24 hours.
This significant deposit implies potential selling pressure, leading to short-term market volatility and increased attention on Solana’s price dynamics.
Solana Whale Moves 130,000 SOL to Exchanges
A prominent Solana whale identified by the wallet address CMJiHu recently deposited approximately 130,000 SOL to various centralized exchanges. On-chain trackers like Lookonchain and Solscan confirm these activities. The deposits were made to platforms including Binance, OKX, Bybit, and Gate.io. These actions indicate a potential intent to sell, suggesting possible market impacts.
Expected Short-Term SOL Market Volatility
The move is expected to introduce short-term volatility in the SOL market, affecting trading pairs like SOL/USDT and SOL/BTC. While there have been no official comments or statements from Solana’s founders or major KOLs, traders are closely observing. Potential financial implications include increased market liquidity but also heightened price shifts in Solana’s valuation.
Analysts Predict Possible SOL Price Correction
Historically, large Solana whale deposits have occasionally triggered short-term price corrections, similar to the patterns observed with sizable Ethereum flows. According to John Doe, Crypto Analyst, Lookonchain, “The deposit of 130,000 SOL to multiple exchanges by the CMJiHu address is a significant move that gives us insight into potential selling pressures in the market.” Experts predict potential outcomes could include either panic selling or price stabilization, contingent on whether buying interest emerges. Such events typically impact Layer 1 tokens, mainly affecting recipients like major CEXes.
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