SOL Whale Unstakes, Redeems and Deposits SOL Amid $179M Holdings

PANews reported on August 6 that, based on Onchain Lens monitoring, a crypto whale unpledged 30,010 SOL, unstaked 205,072 SOL over four months after a 4-year staking period, and deposited 30,050 SOL into Binance.

SOL

Summary

PANews reported on August 6 that a crypto whale unpledged 30,010 SOL (worth US$4.9M) and deposited 30,050 SOL into Binance after a two-month silence. Over the past four months, the whale unstaked 205,072 SOL (worth US$30.07M) following a 4-year staking period and currently holds 1,108,368 SOL valued at roughly US$179M.

Terms & Concepts
  • SOL: The native cryptocurrency of the Solana blockchain.
  • Staking: The process of holding funds in a crypto wallet to support network operations over a set period.
  • Binance: A leading global cryptocurrency exchange platform.