Whales are eager for Solana (SOL): Demand is increasing!

Solana (£SOL), which has stepped on the gas with the rise of Bitcoin, has attracted the attention of whales.

Last week, volatility increased in the cryptocurrency market following the news that Israel attacked Iran. During this period, it was noted that whale investors started to accumulate Solana (£SOL). On-chain data shows that these investors bought large amounts of SOL and staked them by withdrawing them to their personal wallets.

According to Lookonchain data, three major investors have recently accumulated significant amounts of SOL. The fact that investors are staking these tokens and earning passive income indicates that they are moving away from short-term speculations and showing commitment to these assets in the medium and long term. The transition from high-risk transactions, especially for memecoins, to this strategy is striking.

First whale: Withdrawn 153,511 Solana from Binance in the last six days. The value of the withdrawn Solana amount is approximately £26.4 million. Most of these tokens were staked through the Marinade Finance platform to obtain MSOL tokens. The second whale added another 13,000 SOL to its existing portfolio, bringing its total SOL amount to 95,651 (£16.83 million).

The third whale purchased 35,498 Solanas from Binance and Kraken exchanges in three days. The total value of this amount is approximately £6.12 million. This investor staked his tokens through the Jito Network to obtain JITOSOL tokens.

The increasing activity of the whales increased the confidence of Solana investors. Solana, which has performed better than most altcoins, seems to be talked about frequently in the upcoming bull season.