Binance Sends 11.5k SOL to Wintermute — Monitor for Liquidity or Sell Pressure
I observed a transfer of 11,498 SOL (about $2.16M) from Binance's hot wallet to Wintermute, a market maker.
This likely represents liquidity routing for execution, OTC settlement, or market-making activity rather than an explicit on-chain sell order. The move is sizable enough to affect short-term order-book dynamics if Wintermute chooses to distribute or sell into the market.
I will watch subsequent on-chain flows, exchange order-book changes and execution activity before drawing trading conclusions; until I see execution or price impact, I won’t treat this as a definitive sell signal.
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