🐳 Big moves on the chain again

Just detected: a newly created address suddenly withdrew 37,002 SOL from a major exchange, which is roughly worth $4.84 million at current prices.

For this scale of withdrawal, there are mainly two possible motivations—

Either planning to hold long-term (like transferring to a cold wallet)
Or institutions or whales are rebalancing their assets

Regardless of which, such large on-chain movements often reveal market sentiment. If similar actions cluster in the short term, it may indicate a shift in capital flow.

It’s recommended to keep an eye on the subsequent developments.