Three Wallets Move 549 SOL to Acquire 5.07M GHOST
Over the past two hours, three wallets withdrew a total of 549 SOL (~$102,000) from Binance and used the funds to acquire 5.07 million GHOST tokens. This follows an earlier transaction where a trader moved 523 SOL to buy 4.8 million GHOST, underscoring growing demand for GHOST on Solana. Such sizable SOL withdrawals can tighten exchange liquidity, potentially creating short-term bullish momentum. Crypto traders should monitor GHOST order books for shifts in depth and volatility that may signal further price moves.
Bullish
Significant SOL withdrawals to acquire millions of GHOST tokens indicate strong accumulation interest and reduced on-exchange supply, key drivers of bullish price action. In the short term, shrinking liquidity coupled with active buy orders may push GHOST prices higher. Over the longer term, sustained demand on Solana could underpin further upside if accumulation persists and order book depth remains thin.