$BTC Whale deposits 60K SOL worth 8.88 million USD into staking, market shaken

On June 6, on-chain monitoring data recorded that a “whale” committed to collateralizing 61,838 Solana (SOL) on the blockchain. This action took place within 7 hours before the report and quickly drew the attention of the global cryptocurrency community.

The volume of SOL collateralized is estimated to have a market value of approximately 8,880,000 USD. This move not only demonstrates the significant influence of shark investors but also reflects the liquidity dynamics in the cryptocurrency market, particularly for Solana – a layer-1 blockchain that is widely used by many DeFi protocols and major organizations.

Such large-scale collateralization may aim to optimize profits from lending or staking platforms, leveraging the yield and price volatility of Solana. Additionally, this event has sparked many speculations about internal movements among organizations and whale wallets.