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Whales Withdraw $80.7 Million in SOL from Binance to Kamino

Two large investors moved 376,076 SOL tokens, signaling significant capital shifts in the Solana ecosystem.

SOL

Summary

Lookonchain reported that in the past 24 hours, two whales withdrew a total of 376,076 SOL, worth around $80.7 million, from Binance and deposited them into Kamino, indicating notable activity within the Solana network.

Terms & Concepts
  • Whales: Large investors or entities that hold substantial amounts of a particular cryptocurrency, capable of influencing market trends with their trades.
  • SOL: The native cryptocurrency of the Solana blockchain, used for transactions and as a staking token in the network.