• Solana whale transferred nearly 124,000 SOL tokens to Binance on Monday. 
• The $22 million transfer could contribute to selling pressure on Solana, raising concerns among traders. 
• Franklin Templeton runs its node on the Solana network and hints at SOL ETF in a cryptic tweet on X. 
• SOL extends gains by 2% on Wednesday and hovers near $180. 

Solana (SOL) adds 2% to its value on Wednesday, riding on the optimism among market participants after the first day of Spot Ethereum ETF trading. Solana hovers around $180 at the time of writing, and the key market movers are a large-volume SOL transfer to Binance and news of likely a Solana ETF. 

Data from Whale Alert, an on-chain tracker, shows a large volume Solana’s transfer to Binance on Monday. Even as Solana in exchange wallets climbs, suggesting more selling pressure as a higher volume of the asset is available for sale, the Ethereum alternative holds on to recent gains and extends its rally on Wednesday.