Whale Moves $23.2M SOL Off Centralized Exchanges
- Whale withdrew $23.2 million SOL from Bybit, OKX, and Gateio.
- Event occurred within a nine-hour timeframe.
- No major community reactions or statements from key figures.
An anonymous whale withdrew $23.2 million worth of SOL from multiple centralized exchanges, including Bybit, OKX, and Gateio, within nine hours on March 11, 2025.
The movement of substantial funds highlights notable transactions in the cryptocurrency sector, although it attracted limited public comments or market disturbances.
Whale Withdraws $23.2M SOL Within Nine Hours
On March 11, 2025, an anonymous whale withdrew 195,000 SOL, valued at $23.2 million, from key exchanges within nine hours. The entire transaction was monitored by Lookonchain, an on-chain analytics firm.
Lookonchain’s Twitter account reported the movement from three exchanges—Bybit, OKX, and Gateio. Despite the transfer’s size, major players remained silent, suggesting routine activity.
SOL Price Holds Steady Despite Massive Transfer
The $23.2 million withdrawal, sizable by any measure, did not result in immediate price fluctuations or panic. SOL’s price maintained a steady balance, showcasing market maturity.
Financial analysts note that large whale transactions often indicate strategic reallocations, yet this one drew minimal broad market or community reactions.
Limited Reaction Mirrors Historical Whale Transfers
Historically, whale transfers can impact market perceptions, though this event had limited observable effect. The lack of reaction contrasts with more volatile historical episodes.
Analysts suggest that routine transfers by whales might not impact price unless numerous. SOL market resilience appeared strong, aligning with past trends during similar engagements.
