🚨350 million dollars of SOL transferred instantly! Binance's large transfer sparks staking speculation!!!🔥
Over 350 million dollars worth of 2 million SOL was transferred from Binance's cold wallet within 60 seconds into two newly created Solana staking accounts! The transfer fee was outrageously low—only 0.000085 SOL😮
📍Transaction details:
Two transfers of 1 million SOL each, completed at 8:41 and 8:42
Receiving addresses were not marked and have no transaction history, solely used for "staking"⛓️
Currently, there has been no outflow of funds, suspected to be institutional or internal platform redistribution
📊How is the market reacting?
The price of SOL has not experienced drastic fluctuations, and the Binance futures market remains bullish:
Top traders' long position percentage is nearly 70%
Overall user long positions reach 68.57% 📈
This is more likely to be an internal staking layout or custody reorganization rather than a sell-off signal. No outflow of funds, newly created accounts linked to staking contracts, indicating "this batch of SOL is locked up rather than sold"🔒
