Lookonchain: Wallet associated with the token creator deposited nearly 300000 SOL to an exchange.
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AT A GLANCE
PANews, citing Lookonchain, reported that wallet 2MdNva deposited 299,838 SOL to Binance and OKX over the past 16 hours, and whether it has been sold has not yet been confirmed.
Article
A wallet linked to a token creator deposited 299800 SOL into exchanges, worth approximately 26000000 USD
PANews November 10 news, according to Lookonchain monitoring, a highly profitable token creator appears to be selling SOL. Wallet 2MdNva aggregated a large amount of SOL from multiple token creator wallets and sent it to exchanges, depositing a cumulative total of 299838 SOL (26000000 USD) into Binance and OKX over the past 16 hours.
PANews reported on the relevant transfers on November 10, citing monitoring by Lookonchain.
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Reports say that wallet 2MdNva aggregated large amounts of SOL from multiple token creator wallets and sent it to an exchange.
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Reports indicate that the wallet has deposited a total of 299838 SOL to Binance and OKX over the past 16 hours, worth approximately 26000000 USD.
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The original text describes the relevant behavior as "seems to be selling SOL" and does not confirm that the sale has been completed.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This message reports the aggregation of SOL and its transfer to an exchange. "Transfer to an exchange" and "already sold" are not the same fact, and the provided materials do not offer actual transaction records.
Why it matters to readers
The message provides the amount of a large SOL transfer, related wallets, and clues about the receiving exchange, but is insufficient to confirm a sale or market impact.
When reading such messages, one should distinguish between monitored fund transfers and speculation about the use of funds, and should not interpret "appears to have sold" as "has already sold."
Risks and unknowns
The materials do not provide original on-chain transaction records, making it impossible to independently verify the transfers and wallet associations.
The specific identity of the token creator has not been disclosed.
Whether the relevant SOL was actually sold, the transaction quantity and price are all unconfirmed.
The material does not specify what impact these transfers had on the SOL price.
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SOL
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