According to Onchain Lens (blockchain tracking service), the wallet had withdrawn 200,010 SOL from Kraken 11 months earlier when the position was worth $35.39 million.
A large Solana holder transferred 211,694 SOL, valued at $17.77 million, to Binance, according to Onchain Lens (blockchain tracking service). The tracker said the same whale withdrew 200,010 SOL from Kraken 11 months ago, when that position was worth $35.39 million. Based on current prices cited in the report, the move indicates an implied loss of about $17.62 million. Large exchange deposits are often watched by traders because they can signal an intent to sell or reposition assets, although the transfer alone does not confirm what the wallet owner plans to do next.