Update
Solana Wallets Dump $49M in SOL
Three newly created Solana wallets, each with 171,430 SOL, have moved the coins to exchanges over the past three days. The wallets are believed to be controlled by a single whale, as about a third of the bag is already on exchanges and no one has claimed the addresses. The wallets have been sending transactions for nearly a week, and the remaining balances are nearly identical, suggesting a planned split rather than panic selling. The Solana price has dropped under $100, and the wallets are now sending the remaining coins to exchanges, with the total amount already sent to exchanges reaching $17.3 million.