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Solana whale moves $84M to Coinbase amid price drop and rising trader interest

Market News
07 Jun 2026
AMBCrypto
View Source
Bearish
Solana whale moves $84M to Coinbase amid price drop and rising trader interest

An unknown wallet transferred 1.35 million SOL worth $84.06 million to Coinbase Institutional, increasing tradable supply during Solana's price weakness. Exchange data showed net inflows to trading platforms, signaling more SOL available for sale, while derivatives open interest rose 7.87% to $4.5 billion, indicating active trader engagement despite the decline. Solana broke below key support at $78.50, sliding toward $62.32 with an oversold RSI, suggesting potential short-term stabilization but continued downside risk if support fails. The market is divided between expectations of a rebound and further declines amid rising supply pressure and trader positioning.

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