Whale withdraws 20,009 SOL worth $3.53M from Binance on May 25, 2025.
Solana price at $176 per SOL during the transaction.
Over 1.23M active stakers hold 393M SOL on the network.
Staking move may signal confidence in Solana’s long-term potential.
#Solana #CryptoWhale #Binance #Staking #Blockchain
A newly created cryptocurrency wallet withdrew 20,009 SOL valued at $3.53 million from Binance. The wallet then staked 19,875 SOL worth $3.5 million shortly after. This significant transaction was tracked by OnchainLens and reported on X.
Staking the majority of the withdrawn SOL indicates a strategic move by the wallet owner. The staking process on the Solana network allows users to earn rewards by securing the blockchain. According to the Solana Foundation, staking rewards are influenced by the network’s inflation rate and validator performance.
Solana Price and Market Context
Solana’s price during the transaction was approximately $176 per SOL. The cryptocurrency has experienced volatility in 2025. Market data shows SOL trading within a range of $100 to $180 over the past few months. The whale’s decision to stake most of the withdrawn SOL suggests confidence in the network’s long-term potential.
The Solana network relies heavily on staking. Over 1.23 million active stakers hold 393 million SOL tokens. This staking activity secures the blockchain and processes transactions. Large whale movements can impact market dynamics by creating supply shifts. For more on how whales affect crypto markets.
Transaction Details and Implications
Staking 19,875 SOL shortly after withdrawal indicates a deliberate strategy. The wallet retained a small portion of the withdrawn SOL, approximately 134 SOL. This could be for transaction fees or future transfers. Solana’s transaction fees include a base fee and an optional prioritization fee. The prioritization fee depends on compute unit limits and price per unit, as outlined by the Solana Foundation.
Large whale movements often signal market shifts. The whale’s decision to stake rather than sell may reduce immediate selling pressure on SOL. However, the withdrawal from Binance, a major exchange, could indicate preparation for future market activity.