Two Whales Withdraw Over 95,000 SOL from Binance, Indicating Accumulation

In Brief

Two large wallets withdrew a total of 95,640 SOL (~$14.42M) from Binance within the past two hours.

One whale staked their SOL, suggesting long-term holding.

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According to Lookonchain monitoring, two whale addresses have moved significant amounts of Solana (SOL) off Binance, potentially signaling accumulation:

• Wallet AHdUMw...qMnj withdrew 54,544 SOL (~$7.46M) two hours ago.
• Wallet 7i6FUR...kp5J withdrew 41,096 SOL (~$6.96M) an hour ago and staked the funds.

The movement of large amounts of SOL, especially for staking, suggests bullish sentiment among whales, even as Solana remains 55% down from its all-time high. This activity could indicate confidence in Solana’s long-term potential despite recent market volatility.

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