Solana sees whale exchange withdrawals alongside spot ETF inflows

  • Two whale addresses withdrew a combined 318,718 SOL from Binance and Kraken, while Solana spot ETFs recorded $138 million in reported net inflows over 10 days.
  • The withdrawals were valued at about $33.55 million, including 281,446 SOL worth about $29.68 million from Binance; Glassnode reported a $47 million single-day ETF inflow peak.
  • Address 5p6zPz had deposited $14.06 million in USDC to Binance about a month earlier, while Bitwise's BSOL reportedly held 9.3 million SOL and exceeded $1 billion in assets.

Solana market activity included large withdrawals by two whale addresses and strong reported spot ETF inflows. Lookonchain tracked 281,446 SOL withdrawn from Binance by address 5p6zPz and 37,272 SOL from Kraken by address 3WzfuP, totaling about $33.55 million. Separately, Glassnode reported on Aug. 28 that Solana spot ETFs recorded $138 million in net inflows over 10 days, including a single-day peak of $47 million, while Bitwise's BSOL reportedly held 9.3 million SOL and exceeded $1 billion in assets under management. The figures are dated measurements from named data providers and do not establish ownership, intent or future price direction; exchange withdrawals may reflect self-custody, staking, lending or transfers between venues, and ETF flows can change quickly.

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