Whale Moves 33,000 SOL from Binance to HyperLiquid
- Whale sells 33,000 SOL, impacting market liquidity.
- Transaction signals a potential bear market.
- No official responses or regulatory notices issued.
A large crypto whale withdrew approximately 33,000 SOL, worth $8 million, from Binance to HyperLiquid on September 14, 2025, to begin selling for USDC.
This transaction highlights potential short-term market volatility for Solana, signaling possible de-risking by major holders, with no immediate comments from leadership or regulatory bodies.
A crypto whale has withdrawn 33,000 SOL from Binance, subsequently transferring it to HyperLiquid for USDC sales. The transaction, tracked by @OnchainLens, remains anonymous, with no confirmation from Solana or HyperLiquid leadership concerning this significant move.
The whale’s identity linked to wallet EdJ6wqZTQNRLBrKW remains undisclosed. Holding an additional 70 BTC, actions undertaken were independent and unconfirmed by any associated public figure, raising questions about the motivation and future strategies behind this trade.
The market implications of this large-scale sale include significant impacts on Solana’s liquidity. The $8M shift to USDC on HyperLiquid signals possible de-risking strategies that could influence short-term market behavior and cause further price volatility. Whale Transfers 33,000 SOL, Influences Market Liquidity
Financially, the transaction didn’t show evidence of staking impacts or institutional funding involvement. Solana’s market witnessed increased activity on HyperLiquid without notable protocol-level changes or impact on other cryptocurrencies like Bitcoin or Ethereum.
The whale’s transfer could forecast further market movement for Solana. On-chain analysts indicate potential for bearish market sentiments. Historical patterns suggest withdrawal of assets from centralized exchanges to DeFi platforms often results in minor price dips or consolidations.
Long-term outcomes, such as regulatory scrutiny, remain uncertain. Notably, major exchanges or governmental bodies did not issue statements. Solana’s recent market behaviors might prompt traders to reassess asset strategies amid such large whale moves.
“A whale withdrew 33,000 SOL (~$8M) from Binance and deposited to HyperLiquid, starting to sell for USDC. Still holds 70 BTC (~$8M).” — @OnchainLens, On-Chain Analyst
