Whale Moves: Sells 50,000 SOL and Exchanges for 676.27 XAUT

According to a recent report by blockchain analytics platform Lookonchain, on February 23, a major SOL holder executed a significant transaction within just seven hours.

This whale sold 50,000 SOL at an average price of $78.27 per token, totaling around $3.91 million. This move suggests the address may be rebalancing assets or securing profits.

More notably, the whale converted 44,805 SOL (approximately $3.5 million) into 676.27 XAUT, indicating potential confidence in the long-term value of XAUT.

Market Implications

• Large sell-offs may place short-term downward pressure on SOL’s price.
• The swap could boost trading volume for XAUT.
• Such whale activity may trigger similar moves from retail investors.