A whale just withdrew 𝟮𝟴𝟭,𝟬𝟬𝟬 𝗦𝗢𝗟 ($29.7M) from Binance to self-custody, completing a USDC-to-SOL rotation that began with a 14.06M USDC deposit one month ago. The full flow is verifiable on-chain. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: A $29.7M exchange outflow is a meaningful liquidity drain from Binance — the largest US-listed-accessible CEX for SOL. Exchange withdrawals reduce sell-side order book depth, which is structurally bullish at this notional size. This lands hours after Solana's SGP-0002 disinflation proposal passed governance, doubling the annual issuance burn rate from 15% to 30%. The convergence of protocol-level supply reduction and whale custody accumulation compounds the supply-tightening thesis for SOL. Key risk: anonymous wallet, so intent is inferred from flow direction rather than confirmed by identity. https://arkm.com/explorer/address/5p6zPzxwt5QRtinQYhtk1k5U3Dd1dwfRqYsEk9hyCbuy source: EmberCN Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=2272(Hupzy (Spot On Chain))