A whale has withdrawn 61,319 SOL, equating to around 12.4 million USD. This move, executed at an average price of 202.53 USD per token, has sparked speculation in the market, as large transactions often indicate strategic activity from experienced traders.

Currently, SOL trades at about 193.11 USD, with resistance at 211.85 USD. The notable rise in Open Interest in SOL contracts, reaching over 5.4 billion USD, signals an increase in market participation and potential volatility.

The whale’s actions suggest a bullish sentiment as they move funds into cold storage instead of selling. If SOL surpasses the resistance at 211.85 USD, it could target higher levels, though a drop below 183 USD might indicate further price consolidation.