SOL Whale’s $9.72 Million Movement: Insights on Capital Layout Logic from On-chain Migration
On August 8, the whale movement monitored on-chain is intriguing—address BnwZvG withdrew 55,664 SOL (approximately $9.72 million) from Binance within 24 hours and transferred it to the Kamino platform. Such large-scale cross-platform asset migration is by no means a simple reallocation but a strategic layout by seasoned players at a specific market stage, concealing precise judgments about SOL's short-term trends.
I. Interpretation of signals from whale behavior
On-chain data shows that this transfer exhibits three key characteristics:
Single batch large withdrawal: 55,664 SOL accounts for 0.12% of the total circulating SOL, and such a scale of withdrawal has only occurred 3 times in the past 30 days, indicating the plan's intention.