According to @lookonchain, several large investors have withdrawn significant amounts of SOL (Solana) from major exchanges, signaling strong accumulation activity. Specifically, wallets 7VbjYZ, BnwZvG, and 2AbHLS withdrew a combined 111,269 SOL (worth approximately $21.1M) from Binance within the last 16 hours, while wallet KMhcqN withdrew 12,000 SOL ($2.25M) from Kraken. Such substantial withdrawals are often viewed by traders as bullish, indicating whales may be positioning for a potential price increase by moving assets off exchanges. This movement could reduce selling pressure on exchanges and impact short-term SOL price trends (source: @lookonchain).