According to Odaily Planet Daily, according to Lookonchain monitoring, multiple whales have recently frequently transferred SOL tokens to exchanges for sale.

CMJiHu transferred 96,996 SOL (approximately $17.45 million) 9 hours ago.

Address 5PjMxa deposited 91,890 SOL (approximately $15.98 million) to Kraken 3 hours ago;

The address HiN7sS deposited 37,658 SOL (about 6.73 million US dollars) to Binance 8 hours ago and made a profit of 1.63 million US dollars.