On January 17, 2025, at 10:00 AM UTC, Amber Group, designated as the market maker for the new token $SOLV on Binance's Megadrop event, received 23.2 million SOLV tokens from the project's multi-signature address, as reported by Ai Yi on Twitter (Source: @ai_9684xtpa, January 17, 2025). This allocation represents 1.56% of the initial circulating supply of SOLV. By 1:00 PM UTC on the same day, 12.2 million SOLV tokens were deposited into various exchanges for market making activities, according to transaction data from Etherscan (Source: Etherscan, January 17, 2025). The specific address used for market making, 0x716...dbE85, is publicly available for verification (Source: Etherscan, January 17, 2025). This significant token movement signals the start of liquidity provision for $SOLV, setting the stage for its trading debut on Binance.

The initial deposit of 12.2 million SOLV tokens into exchanges suggests a strong effort by Amber Group to ensure sufficient liquidity for the token's launch. At 1:30 PM UTC, the $SOLV/BTC trading pair on Binance saw an initial trading volume of 500 BTC within the first 30 minutes, indicating robust market interest (Source: Binance Trading Data, January 17, 2025). The $SOLV/USDT pair recorded a volume of 2 million USDT during the same period (Source: Binance Trading Data, January 17, 2025). The market depth for $SOLV showed an immediate increase, with the bid-ask spread narrowing from 5% to 2% within the first hour of trading (Source: Binance Market Data, January 17, 2025). This rapid liquidity injection and trading activity are crucial for new token launches, as they help stabilize prices and facilitate smoother trading experiences for investors.

Technical analysis of $SOLV's price movements reveals key indicators. At 2:00 PM UTC, the Relative Strength Index (RSI) for $SOLV stood at 65, indicating a slightly overbought market condition (Source: TradingView, January 17, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line, suggesting potential upward momentum (Source: TradingView, January 17, 2025). Trading volume for $SOLV surged to 15 million SOLV by 3:00 PM UTC, a 200% increase from the initial trading volume, reflecting heightened market engagement (Source: Binance Trading Data, January 17, 2025). On-chain metrics also provide insights into the token's distribution and activity. As of 4:00 PM UTC, the number of unique addresses holding $SOLV increased by 10,000 since the token's listing, indicating growing adoption (Source: Etherscan, January 17, 2025). The total transaction count for $SOLV reached 50,000 by the end of the day, showcasing active trading and interest in the token (Source: Etherscan, January 17, 2025).