Whale Alert: $35M SOL transferred to JitoSOL, DeFi staking logic is here

On-chain data shows:

A newly created address has just withdrawn 200,000 SOL from Kraken, with a market value of over $35.37 million, and quickly converted it to JitoSOL for staking operations.

This is not an ordinary reallocation, but a typical "steady wins the race" operational logic:

Withdrawing from the exchange indicates that the funds are not planning to cash out in the short term.

Converting to JitoSOL staking suggests confidence in the medium to long-term profit potential of SOL.

At the same time, it reduces the liquidity of SOL, raising scarcity expectations.

The staking rate increases, and supply tightens; this on-chain behavior has often become a "pre-heating" before market movements.

Smart money is already placing bets, while retail investors are still waiting for signals.

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