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Whale Stakes 1.5 Million SOL Worth $318 Million, Withdraws from Binance

A major entity has staked 2.5 million SOL, valued at over $505 million, within the past week, continuing a trend of large-scale staking in the Solana ecosystem.

SOL

Summary

A whale or institutional investor has staked 1.5 million SOL, valued at $319 million. The total staking amount over the past 8 days reached 2.5 million SOL, worth $505 million. The entity withdrew the SOL from Binance during this period.

Terms & Concepts
  • SOL: The native cryptocurrency of the Solana blockchain, used for transaction fees, staking, and governance on the network.
  • Staking: The process of locking up cryptocurrency in a blockchain network to support its security and operations, typically in exchange for rewards.