Dormant Solana whale buys $3.6 million of SOL after nearly 2 years

A Solana whale identified by the wallet prefix GvHYQQ bought 47,535 SOL worth about $3.6 million after nearly two years of inactivity, adding to a wallet that Arkham data indicates already held roughly 100,000 SOL from a highly profitable 2023 trading cycle. The address previously accumulated 291,790 SOL during August and October 2023 declines at an average price of $23.37, then sold 191,789 SOL at an average of $128.36 for about $24.62 million, realizing more than $20 million in profit. The latest purchase lifts holdings to about 147,535 SOL, worth close to $11.1 million. The move comes with SOL at $76.20, down from its January 2025 peak of $293.31 amid broader market pressure. Market signals remain mixed: exchange netflows turned positive and decentralized exchange volume fell to around 80% below its April peak in mid-August, while Solana ETF inflows reached $10.26 million in the week ending August 14, nearly 70 times the prior week's total.

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