Solana Tokens Transferred to Binance; SOL Price Correction Ahead?

• A wallet has transferred 271,276 Solana tokens worth $62.30 million to Binance.
• The move has sparked sell-off anticipation.
• SOL price has declined by 1.02% over the last 24 hours.

A wallet recently transferred over 271k Solana tokens to an exchange platform. This has triggered anticipations about a sell-off and the potential price decline in the days to come. Tokens were transferred around the time when SOL price started a downtrend on the chart. A crypto analyst has hinted at the bull rally of $520, but it is subject to a condition.

Wallet Transferred Solana Tokens to Binance

A wallet has transferred 271,276 Solana tokens to Binance, a crypto exchange platform. They were collectively worth approximately $62.30 million at the time of the transaction. A transfer to Binance has sparked anticipation that the wallet would potentially sell off its holdings in the market.

The move comes after SOL price drops its pace to reach the desired weekly close value. Ali Martinez, also known as ali_charts on X, earlier stated that Solana tokens could experience a bull rally to $520 if they close above $260 this week. The current SOL price does little to inspire that and therefore sheds less light on the estimated bull rally.

SOL Price Plummets

SOL price has plummeted by 1.02% over the last 24 hours. The token is currently exchanging hands at $229.17, with a decline of 8.4% in the 24-hour trading volume. However, the price reflects a surge of 13.65% and 9.97% in the last 7 days and 30 days, respectively.

Nevertheless, what’s possibly impacting the current sentiment is the recent decline and fewer chances of reclaiming the mark of $260 by the end of this week.

Lower values, meanwhile, continue to move upwards for SOL price, and the peaks are shifting almost at the same pace. Earlier low margin was approximately $158.30 as of August 02, 2025. Now the lower level has shifted to around $193.02 as of September 25, 2025.

Sentiments Around SOL Price

Future estimates see SOL price move within a confined range of $230.93 and $237.66 in the next 30 days. The highest rise could be around 3.14% from the current value over the next 30 days. That would bring SOL price to approximately $237.66, which is still away from the analyst’s required week’s close mark.

Solana tokens are testing the support levels of $228.26 and $219.13, along with resistance margins of $246.53 and $237.39. If true, then it could resemble the phase from May 08 to May 30, 2025, when SOL price traded somewhere between $163.41 and $186.10.

It is important to note that the contents of this article are neither recommendations nor advice for crypto trading.

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