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According to Lookonchain data reported by COINOTAG News Update on October 26, a single crypto whale executed a substantial SOL disposition last week. The entity sold 99,979 SOL at $185 per token, yielding roughly $18.5 million, and then cross-chain moved the proceeds to the Ethereum network. This on-chain maneuver highlights persistent capital reallocation within major layer-1 ecosystems amid evolving market sentiment.
Subsequently, the same asset holder redeployed the funds to acquire 4,532 ETH at $4,084 per coin, again totaling near $18.5 million. The cycle—SOL out, ETH in—illustrates a strategic rotation across chains rather than a mere liquidity shift, underscoring ongoing risk-on flows and the importance of cross-chain liquidity channels in today’s multi-chain market.
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