Three newly created Solana wallets moved 482,228 SOL starting Oct. 23, according to onchain analysts. Lookonchain said 171,430 SOL, worth about $17.3 million, had been deposited to exchanges. The wallets’ owner is unknown; analysts said they may belong to one holder and suggested the transfers were intended for sale. Exchange deposits do not establish that the SOL was sold.
The wallets held about 291,700 SOL, worth roughly $29 million, at the reported balance check. The source says that amount could reach exchanges if the pattern continues, but does not report a further deposit. SOL was trading near $99.89, down 17% over 30 days.
