A whale deposited 1.49 million SOL, worth approximately $149
On November 2, 2026, both Odaily and PANews, citing Lookonchain monitoring, reported that a whale deposited 1.49 million SOL worth about $149 million into multiple exchanges over the past 10 days; PANews gave a valuation of about $148.77 million. The specific exchanges and addresses were not disclosed.
Event Timeline
- [11-02 07:11] $149 million in SOL deposited into multiple exchanges; a whale deposited 1.49 million tokens in 10 days (Odaily Planet Daily)
- [11-02 07:13] A whale deposited 1.49 million SOL into multiple exchanges over the past 10 days, worth about $149 million (PANews)
Background and Impact
On November 2, 2026, Odaily Planet Daily reported at 07:11 that, according to Lookonchain monitoring, a whale deposited 1.49 million SOL into multiple exchanges over the past 10 days, worth about $149 million. About two minutes later, at 07:13, PANews published the same monitoring information, saying that the whale had deposited 1.49 million SOL into multiple exchanges over the past 10 days, worth about $148.77 million. The two reports agree on the deposit amount, the time window, and the direction of "multiple exchanges," with slight differences in the wording of the USD valuation.
Based on the disclosed information, this is an on-chain action presented in the form of exchange inflows: 1.49 million SOL entered multiple exchanges within 10 days, corresponding to about $149 million or $148.77 million according to the two outlets' figures. The material does not give the whale's identity, wallet address, or specific list of exchanges, nor does it state whether these SOL have already been sold, used as collateral, or merely transferred. Both Odaily and PANews point to Lookonchain as the source of the information, and both are relaying the same on-chain monitoring data.
The market usually views large SOL transfers into exchanges as an observational signal of potential selling pressure, because exchanges are one of the main venues for spot trading; however, "deposit" and "sell" are not the same action, and the existing material is insufficient to prove that a sell-off has occurred, nor can it determine the actual impact of these funds on SOL liquidity and price. For users paying attention to entry points such as Huobi HTX app registration/download, Sesame Gate.io app registration/download, Bitget app registration/download, Binance app registration/download, and OKX app registration/download, it is even more important to distinguish the inbound behavior of a single whale address from overall exchange fund flows; the former is not directly equivalent to platform-level net outflows or changes in user assets.
Subsequent information points center on updates in on-chain tracking: whether the address continues to deposit SOL into exchanges, whether records appear of withdrawals back from exchanges or sales, and whether monitoring institutions supplement specific exchange and address details. As of the above reporting time, the material did not provide the whale's follow-up operations, SOL price reaction, or exchange-level fund flow data; there was also no further explanation of the difference in the two outlets' USD valuations.
FAQ
### Does this transfer to exchanges mean the whale will immediately sell SOL?
The material only shows that 1.49 million SOL were deposited into multiple exchanges over the past 10 days. It does not disclose subsequent sales, pending orders, or withdrawals back to addresses, so it cannot be used to confirm that a sell-off has already occurred.
### Why are the two outlets' USD valuations different?
Odaily said the value was about $149 million, while PANews said about $148.77 million. Neither explained the valuation timestamp or methodology, and the material is insufficient to determine the reason for the difference.
### Which public data points should be watched going forward?
Watch whether Lookonchain discloses subsequent exchange deposits or withdrawals by this address, whether sales records appear, and whether more on-chain monitoring institutions provide address and exchange details.