Anonymous whale deposits $26M in SOL to Binance, OKX over 16 hours

An anonymous whale address starting with 2MdNva deposited 299,838 SOL worth $26 million into Binance and OKX over the past 16 hours, according to Lookonchain. Exchange deposits are typically interpreted as intended for selling. Lookonchain said the address has been collecting SOL from multiple addresses that created tokens and depositing the funds to exchanges, indicating token creators with large profits appear to be selling SOL.