Crypto whales have actively built up their Solana (SOL) holdings through several significant transactions while taking massive funds from Binance, the world’s largest crypto exchange. An analysis by Lookonchain shows deep-pocketed investors increasingly focusing on SOL. Whales appear to establish strategic market positions despite existing market uncertainties.
Over $14 Million in SOL Withdrawn from Binance
According to recent transaction records, two major blockchain withdrawals were detected within a short period of time. The “7i6FUR…” wallet withdrew 41,096 SOL worth approximately $6.96 million from Binance platforms. The second wallet, designated “AHdUMw…qMnj,” conducted a move of 54,544 SOL worth $7.46 million. Significant transactions show substantial investors acquiring SOL because they expect future market improvements or long-term staking activities.
Before these transactions, a few hours ago, a whale wallet established a new account to extract 96,180 SOL worth $12.45 million, which the user quickly deployed for staking purposes. This action may lead to a decreased circulating supply of SOL on exchanges, which may lead to higher future prices. These investors positively view Solana’s long-term growth potential after supporting its recovery with an extensive SOL investment.
Solana’s Turbulent 2025: Price Decline and Liquidity Outflow
Despite the large whale accumulation of Solana, it faced a turbulent year in 2025. The SOL token experienced a major price reduction, with its value dropping by 50% since reaching its January peak at $295.
The price of Solana dropped because 11.2 million SOL tokens became available for the market, creating an excessive supply. The considerable increase in SOL tokens available on the market caused investors to sell, therefore increasing the market’s downward trend. The LIBRA meme coin scandal and its controversies have negatively affected investor trust in Solana’s blockchain reliability. The rapid decrease in Solana’s Total Value Locked is more concerning than other data points.
However, a new ray of hope dawned as these whales accumulated Solana.
Why Are Whales Accumulating SOL?
Whales continue to accumulate SOL even during the current market slump. The main reason behind the whale accumulation of SOL relates to Solana’s enduring role in the DeFi and NFT sectors. Major investors view the current price decrease as a potential acquisition chance because they expect SOL to grow and bounce back shortly.
Large withdrawals from Binance result in a decrease of SOL available for exchange trading. Exchange liquidity reduction will cause the supply to decrease, which might result in increased prices over time
Final Thoughts
The quick withdrawal of more than $14 million in SOL funds demonstrates that big players within the market are actively investing in Solana. The cryptocurrency market remains focused on whale activities since their strategic positioning indicates whether they initiate a major price upswing or preserve their assets.
