According to @OnchainDataNerd, a wallet potentially linked to Sonic Labs has deposited 11.78 million $S tokens, valued at approximately $5.55 million, into Binance. This significant movement could indicate an impending sale or strategic positioning, potentially affecting $S's market price. Traders should monitor Binance's order books for any large sell orders and adjust their strategies accordingly. Additionally, the transaction can be tracked via the provided address on intel.arkm.com.