Whale Collects 250,000 SOL Worth $60 Million

Over the past month, a “whale” has quietly accumulated 250,000 SOL worth around $60 million. Data from Lookonchain shows that two wallets, possibly belonging to the same person, have withdrawn this amount of SOL from Kraken, indicating the confidence of large investors in Solana’s potential despite the market’s slight correction.

Although the price of SOL has dropped by about 8% over the past week, Solana’s total market capitalization still exceeds $342 billion. At the same time, SOL has increased sharply by 34% over the past 30 days, demonstrating that the appeal of the Solana ecosystem is still strong. Whale accumulation could indicate preparation for future price moves, especially considering the momentum from the platform and the rise in popularity of SOL-based meme coins.