11/28/2025
๐ฅ SOL Whale Report โ Past 24 Hours
(Nov 28, 2025 โ SOL trading around $139-$144)
1๏ธโฃ Top 20 Whale Moves for SOL (Past 72 Hours) ๐ณ๐
Format: Time (UTC) โข Asset โข Amount โข From โ To โข Exchange/Wallet โข Interpretation ๐
> โ ๏ธ Note: Only on-chain / ETF / derivatives moves with public proofs are listed. ๐
Anything not clearly reported is marked โNo public update in last 24h / 72h.โ โณ
1. Nov 27 โข ~15:03 UTC โข SOL โข 49,165
From โ To: OKX โ Staking wallet
Interpretation: Whale moves 49k SOL (~$7M) off CEX into staking, raising total stake to 761,405 SOL (~$109M) despite an unrealized loss of ~$8.45M. Heavy long-term conviction. ๐๐ช๐
2. Nov 25 โข time n/a โข SOL โข 969,873
From โ To: Unknown โ Unknown (whale wallets)
Interpretation: 969,873 SOL (~$133M) jumps between anonymous wallets. Likely fund/treasury restructuring, not a retail trade. ๐ฐ๐๐ต๏ธ
3. Nov 25 โข minutes later โข SOL โข 1,629,999
From โ To: Unknown โ Unknown
Interpretation: Part of a billion-dollar shuffle โ one of six transactions adding up to ~7.6M SOL (> $1B) between whales. ๐ธ๐ณโจ
4. Nov 25 โข cluster โข SOL โข 858,394
From โ To: Unknown โ Unknown
Interpretation: Another piece of the 7.6M SOL cluster โ suggests coordinated big-money repositioning. ๐งฉ๐ค๐ผ
5. Nov 25 โข cluster โข SOL โข 1,630,000
From โ To: Unknown โ Unknown
Interpretation: Large block transfer, likely OTC/treasury style flow rather than exchange selling. ๐ฆ๐ฆโก๏ธ
6. Nov 25 โข cluster โข SOL โข 1,630,000
From โ To: Unknown โ Unknown
Interpretation: Duplicate-sized whale leg โ strengthens the case of a structured, multi-leg rebalance. ๐ฏโโ๏ธโ๏ธ๐
7. Nov 25 โข cluster โข SOL โข 970,283
From โ To: Unknown โ Unknown
Interpretation: Final leg in the 7.6M SOL (> $1B) mysterious reshuffle โ high-end players moving size quietly. ๐คซ๐๐
8. Nov 26 โข 13:30 UTC โข SOL โข 22,909.992
From โ To: Bybit hot wallet โ Fireblocks Custody
Interpretation: $3.17M) leaves a derivatives CEX for institutional custody. Bullish for supply (less instantly sellable). institutional custody. ๐๐๐๏ธ
9. Nov 26 โข intraday โข SOL (derivatives) โข 455,000 nominal
From โ To: Whale wallet โ 20ร short position on SOL
Exchange: Hyperliquid perps
Interpretation: Whale opens 20x leveraged short on 455k SOL (~$61.8M) at ~$165.5, now sitting on $13M+ profit. Clear bearish/hedging bet. ๐๐ป๐ฐ
10. Nov 27 โข dawn KST โข SOL & Solana tokens โข ~$36โ38.5M
From โ To: Upbit Solana hot wallet โ Attacker wallet
Interpretation: Hot-wallet exploit drains tens of millions via Solana network tokens. Not a โwhale tradeโ, but a forced mega-outflow impacting liquidity & sentiment. ๐จ๐ธ๐
11โ20. No public update in last 72h
No additional clearly documented >~20k SOL single-shot whale transfers with full on-chain proof and size disclosure have been reported by major trackers in the last three days. ๐ด๐โณ
2๏ธโฃ Are Whales Net Buying or Selling Today?
Verdict: ๐จ Neutral โ Slightly Bullish (Accumulation + Hedging)
โ
Big spot/staking whale is still buying weakness
Added 49,165 SOL from OKX to staking on Nov 27, lifting stake to 761,405 SOL (~$109M) with $8.45M unrealized loss โ this is not how a panicked seller behaves.
โ ๏ธ Another whale is aggressively short SOL with leverage
The 455k SOL 20ร short around $165.5 is still in profit; thatโs a strong short-term bearish hedge, either for speculation or to protect big spot holdings.
โ
/โ ๏ธ ETF flows: first red day, but cumulative flows still strong
Spot Solana ETFs logged their first net outflow of $8.1M on Nov 26 after a 21-day inflow streak, yet cumulative inflows are ~$613M and AUM ~$918M across six funds. ๐๐ธ
โ ๏ธ Security headlines muddy short-term flows
Upbitโs ~$37M Solana-network hack and the โCrypto Copilotโ malicious Chrome extension skimming SOL fees both chill DeFi & CEX activity, but Upbit has pledged to fully reimburse users. ๐ก๏ธ๐จ
Net:
Long-horizon whales + ETFs: still net accumulators. ๐ณ๐
Speculative / hedge whales: shorting with size into volatility. ๐ฆ๐
Thatโs a โsmart money balancing actโ, not full-scale dumping. โ๏ธ๐ง
3๏ธโฃ SOLANA (SOL) Summary Dashboard
โ Net Flow (Past 7 days)
Whale staking:
+49,165 SOL from OKX to staking (Nov 27) โ total 761,405 SOL staked. ๐ณ๐ฐ
Whale wallet reshuffle:
Six transfers totaling ~7.6M SOL (> $1B) between unidentified wallets on Nov 25. ๐๐ธ
CEX โ custody:
22,909.992 SOL (~$3.17M) Bybit โ Fireblocks Custody (Nov 26). ๐ฆ๐
Derivatives positioning:
455,000 SOL 20ร short opened Nov 26, still in solid profit. ๐๐
Aggregate CEX netflows:
No public update in last 24h with a clean, all-exchanges SOL netflow figure. ๐๐
Narrative:
> The spot & staking side is mildly net positive, but derivatives & hacks add short-term pressure. ๐๐๐จ
โ SOL Net ETF Flows (Last 7 Days)
From ETF trackers / SoSoValue-based reporting: ๐๐
Cumulative inflows: โ $613M into spot SOL ETFs since launch. ๐ฐ๐
Total AUM: โ $918M across six funds (~1% of SOL mcap). ๐ผ๐ก
Streak: 21 straight green days, then ๐ข๐๏ธ
Nov 26: first โ$8.1M net outflow, driven mainly by 21Shares TSOL. ๐๐ธ
Trend over last week: ๐๐๏ธ
Still net positive on the week (tens of millions added overall). โ
โ
But momentum cooled โ institutions are rotating some capital into ETH & XRP ETFs. ๐ฌ๏ธโ๏ธ
> Institutional sentiment: ๐ฆ๐ฃ๏ธ
โStill bullish on SOL for the yield + L1 upside, but weโre not blindly aping โ weโre reallocating dynamically.โ ๐๐ง ๐
โ SOL Exchange Balance Trend
We do not have a fresh full โall CEX balancesโ dataset today, but: ๐
Evidence of coins leaving liquid venues:
OKX โ staking: 49k SOL outflow. ๐
Bybit โ Fireblocks Custody: ~22.9k SOL to institutional cold storage. ๐
Evidence of stress / forced flows:
Upbit Solana hot-wallet hack (~$36โ38.5M) leads to suspension of Solana deposits/withdrawals and emergency cold-storage moves. ๐จ
Short-term interpretation (7d):
Likely slight net reduction in easily sellable SOL on major CEXes (thanks to staking + custody), ๐
Partly offset by attack-driven chaos and derivatives hedging. โ๏ธ
Impact on price/liquidity:
> Orderbooks have enough depth for chops, but security news makes bids more cautious. Big moves will be driven by news + ETF flows, not pure spot OI. ๐ฐ
โ Whale Accumulation Trend Score (0โ10)
> Score: 6.5 / 10 โ โAccumulating, but with serious hedging & headline risk.โ ๐ณ
Bullish accumulation factors (push score โ): ๐
Huge whale has >761k SOL staked, still adding at ~$140 levels. ๐ณ๐ฐ
Spot ETFs have ~$613M net inflows and ~$918M AUM despite a 30โ38% drawdown from highs. ๐๐ธ
Hedging / risk factors (pull score โ):
7.6M SOL reshuffle & 455k SOL mega-short show whales are actively managing downside risk, not just stacking. ๐ฆ๐
Upbit hack + โCrypto Copilotโ malware raise trust & UX concerns short-term. ๐จ๐
4๏ธโฃ Whale Tape (Concise Table)
Time (UTC) | Asset | Amount | From โ To | Exchange | Interpretation
2025-11-27 ~15:03 | SOL | 49,165 | OKX โ Staking wallet | OKX / On-chain | Long-term whale adds to 761k SOL stake despite large unrealized loss โ classic conviction accumulation. ๐ณ๐ฐ๐
2025-11-25 (cluster) | SOL | 969,873 | Unknown โ Unknown | On-chain | Part of 7.6M SOL (> $1B) moved between whale wallets โ likely institutional/treasury reshuffle. ๐๐ผ๐
2025-11-25 (cluster) | SOL | 1,629,999 | Unknown โ Unknown | On-chain | Adds to the mysterious 7.6M SOL cluster โ big players reposition under the radar. ๐ต๏ธโโ๏ธ๐๐คซ
2025-11-26 13:30 | SOL | 22,909.992 | Bybit โ Fireblocks Custody | Bybit / Fireblocks | $3.17M worth of SOL moves to institutional custody; less sell pressure on Bybit book. ๐ฆ๐๐
2025-11-26 intraday | SOL (perps) | 455,000 nominal | Wallet 0x35d1 โ 20ร short | Hyperliquid | High-leverage short (~$61.8M nominal) now up $13M+ โ strong bearish/hedging signal from one big player. ๐ป๐๐ธ
5๏ธโฃ My Interpretation (Storytelling)
Picture Solana as a stormy ocean at $140. โ๏ธ๐
On the surface, candles flicker a few dollars up and down. ๐ฏ๏ธ๐
Underneath, whales are quietly rearranging the seabed. ๐ณ๐ชจ
In the last 72 hours:
One whale locked 49k SOL into staking, on top of an already huge 761k SOL position. Thatโs someone saying:
> โIโm okay being underwater today because I believe in tomorrow.โ ๐โโ๏ธ๐
A different whale is running a 20ร short on 455k SOL, cashing in on volatility and protecting against deeper drops. ๐๐ฐ
A cluster of 7.6M SOL moved between dark wallets โ not clearly bullish or bearish, but clearly serious money making serious decisions. ๐ต๏ธโโ๏ธ๐ผ
ETFs, the quiet institutional whales, finally had a small red day after 21 greens, but still sit on hundreds of millions of dollars in net inflows. ๐๐ฆ
At the same time, the ocean got hit by lightning:
Upbitโs Solana hot-wallet hack (~$37M) and โก๏ธ๐ธ
the โCrypto Copilotโ Chrome extension stealing SOL fees ๐จ๐ป
โฆremind everyone that smart contracts are smart, but humans can be careless. ๐ง ๐คฆ
Big picture signals:
Bullish: staking & ETFs show long-term belief and reduced liquid supply. ๐๐
Bearish/caution: leveraged shorts + security scares = more hedging, more fear spikes. ๐ป๐จ
So whales arenโt all on the same side. ๐ณโ๏ธ
But they are telling you something:
> โThis is not euphoria anymore.
This is a serious positioning zone.โ ๐ฏ๐ง
6๏ธโฃ My Takeaway for the Next 24โ72 Hours (SOL) โฐ๐
(Scenario framework โ NOT financial advice.) ๐๐ก
๐จ Base Case (Most Likely) โ โRisk-Managed Chopโ โ๏ธ๐
Price zone: SOL trades roughly in the $130โ$145 band, with quick wicks both ways. ๐โ๏ธ
ETFs print mixed but small flows (slightly green or red each day). ๐ฉ๐ฅ
Whales keep a split stance: ๐ณโ๏ธ
stakers & ETFs quietly accumulating, ๐ฐ๐
traders hedging via shorts. ๐๐ก๏ธ
Volatility remains tradable but choppy โ best suited for range traders, not moon-chasers. ๐ข๐
๐ฉ Bullish Case โ โSoft Data + ETF Revivalโ
Macro: Upcoming US ISM Manufacturing PMI (Dec 1, Nov data) stays weak near 48.7, reinforcing the story that easier policy is coming. ๐๐
Fed narrative: Prediction markets and big banks now see ~80โ85% odds of a December rate cut at the Dec 9โ10 FOMC meeting, improving risk sentiment. ๐ฆ๐
ETF flows: SOL ETFs flip back to strong net inflows, adding perhaps $30โ60M over a couple of days. ๐ฐ Solana ๐
Price reaction: SOL convincingly breaks above $145โ150 resistance and targets the $165โ175 liquidity pocket where prior selling began. ๐๐น
๐ฅ Bearish Case โ โSecurity Shock + Liquidity Scareโ
More bad headlines around Upbitโs hack or copycat exploits spook Asian and global SOL traders. ๐ฑ๐จ
โCrypto Copilotโ-style malware proves more widespread, hurting DeFi activity and volumes. ๐๐
Another meaningful ETF outflow day hits while broader crypto sells off. ๐ธ๐
Price reaction: SOL loses $130 support on volume and tests the $120โ$125 area, where fresh buyers may step in based on prior interest zones. ๐๐
My bias today:
> Base case with a slight bullish lean โ as long as $130 holds and ETF AUM stays high, it looks more like smart-money accumulation with protection, not a secular top. ๐ช๐
7๏ธโฃ Key Events in the Next 7 Days That May Move SOL
๐ Macro / Fed / Data
Dec 1, 2025 โ US ISM Manufacturing PMI (Nov) ๐๐
Prior: 48.7 โ contraction zone. Next release: Dec 1 at 10:00 (US). ๐๏ธโฐ
Dec 9โ10, 2025 โ FOMC Meeting (rate decision) ๐ฆ๐
Markets & prediction platforms now price ~80โ85% probability of a 25 bps cut. ๐๐ฐ
Dec 16 & Dec 18 โ US Jobs & CPI catch-up releases ๐งโ๐ผ๐ธ
Shutdown-delayed October/November CPI & jobs reports will drop in a cluster, and could repricing risk assets. ๐๐
๐ ETF / Institutional Windows
Daily SOL ETF print (all week) ๐๐จ๏ธ
Watch if the first โ$8.1M outflow is a one-off or the start of a new pattern. ๐๐
Month-end / month-start rotation (Nov โ Dec) ๐๏ธ๐
Funds rebalance; some may harvest losses in BTC/ETH and add to SOL yield plays, or the reverse, depending on risk mood. ๐ฐโ๏ธ
๐ Solana Ecosystem / Tech โ๏ธ๐
Ongoing upgrade narrative: ๐โจ
Articles emphasize major upgrades like Firedancer & related client/performance work as medium-term catalysts, even during this drawdown. ๐ฐ๐ก
No single โhard forkโ scheduled this week, but any devnet/mainnet progress news can spark sentiment. ๐ป๐ฅ
๐ Security & Legal
Upbit hack follow-ups:
Forensics, attribution (Lazarus group speculation), and regulatory reaction could add headline shocks. ๐ฅ๐จ
โCrypto Copilotโ / browser-security updates: ๐ป๐
More disclosures on wallets impacted or volume stolen will affect how comfortable traders feel using Raydium / on-chain swaps. ๐๐
8๏ธโฃ 9:16 Infographic Text Block (Copy-Paste for Canva / InVideo)
Title:
SOL Whale Report โ November 28, 2025 ๐๏ธ๐ณ
Vertical, short, punchy lines:
SOL around $140โ142 ๐๐ฐ
Whales active below the surface ๐๐
Whale Net Flow (7d)
+49k SOL โ staking ๐๐
7.6M SOL reshuffled ๐๐ผ
22.9k SOL โ custody ๐ฆ๐ก๏ธ
Top 3 Whale Moves
49,165 SOL OKX โ staking โฌ๏ธ๐
969,873 SOL wallet โ wallet โก๏ธโก๏ธ
1,629,999 SOL wallet โ wallet โก๏ธโก๏ธ
ETF 7-Day Trend
21 days of inflows ๐ข๐ธ
First โ$8.1M outflow ๐ด๐
Total inflows โ $613M ๐๐ฐ
Exchange / Risk Mood
Upbit $37M Solana hack ๐จ๐
โCrypto Copilotโ fee skimmer โ ๏ธ๐ฃ
Caution high, bids selective ๐ง๐ก๏ธ
Whale Accumulation Score
6.5 / 10 ๐ฏ๐
Accumulation alive ๐ฑ๐ช
But hedged with shorts ๐๐ก๏ธ
Next 72h Outlook
Base: chop $130โ145 โ๏ธ๐
Bull: break $150 โ $165โ175 ๐๐
Bear: lose $130 โ $120โ125 ๐ป๐
Key Catalysts (7d)
Dec 1 ISM PMI (US) ๐บ๐ธ๐
Dec 9โ10 FOMC meeting ๐๏ธ๐ฃ๏ธ
Daily SOL ETF flows ๐๐ธ
Upbit hack updates ๐ฐ๐จ
Tagline
Smart money is positioning ๐ง ๐ผ
Not panicking ๐งโโ๏ธ๐ซ
Watch flows, not noise ๐๐
9๏ธโฃ ๐ Financial Disclaimer
This content is for informational and educational purposes only. It is not financial advice and should not be relied on as a recommendation to buy or sell any cryptocurrency or other asset. Crypto markets are highly volatile and you can lose some or all of your capital. Always do your own research (DYOR), use proper risk management, and consider speaking with a licensed financial professional before making any investment decisions. ๐๐กโ ๏ธ
๐ Hashtags