Solana Price Dips Under $100 as SOL Whale Is Quietly Dumping $49M

Three freshly created wallets have moved 482,228 SOL worth $49.17 million in three days, and about a third of it has already reached exchanges. The trail starts on the evening of Oct. 23 when, within a span of two minutes, three brand-new Solana addresses recorded their first transactions. Nobody has claimed them and Arkham has them listed as wallet A , wallet B, and wallet C (without a label). Onchain analysts subsequently connected the dots earlier today, claiming that the wallets, possibly belonging to the same whale who had moved 482,228 SOL worth $49.17 million over three days, all with the intention to sell. The selling has been steady rather than sudden, and according to Lookonchain, 171,430 SOL, about $17.3 million, has already been deposited to various exchanges.

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