Wintermute withdrew $38.2 million worth of SOL from Binance in the past 24 hours, causing market selling pressure concerns

According to Cointelegraph, Wintermute's withdrawal of $38.2 million worth of SOL from Binance over the past 24 hours has raised concerns about deteriorating market sentiment leading to selling pressure. Data shows that Solana is expected to have 11.2 million SOL unlocked for circulation on March 1st, with about a week left until the unlocking time. SOL prices have been under pressure recently, falling more than 7.5% in the past 24 hours to a three-month low of $155. Some cryptocurrency industry observers are concerned that token unlocking may bring significant selling pressure to Solana, as a large portion of the locked supply is purchased at lower than current market prices in FTX auction transactions.