A major Solana ($SOL) whale has completed a significant series of transactions, redeeming 560,300 SOL worth $122.58 million from staking just 11 hours ago.
The entire amount was transferred to Binance, clearing the whale’s staking address.
一个 SOL 质押巨鲸在 11 小时前从质押中赎回 56.03 万枚 SOL ($122.58M) 并全部转进了币安，清空了地址。
这个巨鲸此前是在 3 月份时从币安提出 99.3 万 SOL ($155.97M) 参与质押，当时 SOL 价格 $157。
后面这些 SOL 被陆续赎回并转进币安，今天这是最大的一笔，也是最后一笔。总共是赎回并转进币安… pic.twitter.com/6I2SlORtwN— 余烬 (@EmberCN) December 17, 2024
This move concludes a strategic cycle that began in March when the whale withdrew 993,000 SOL (valued at $155.97 million at the time) from Binance to stake. Back then, SOL traded at $157.
Over the past few months, these staked SOL were gradually redeemed and transferred back to Binance, culminating in today’s largest and final transaction. In total, 1.025 million SOL—now valued at $193.17 million—were redeemed and moved at an average price of $188.
The whale’s calculated strategy paid off, generating an impressive $37.2 million in profits through both SOL price appreciation and staking rewards. This showcases the growing profitability of SOL staking, especially amid the token’s price surge this year.
In a related development, 30 minutes ago, wallet address 234WJ—identified as belonging to Ceffu, Binance’s custody solution—executed a significant withdrawal totaling $34.2 million in assets from Binance. The transaction included:
– 100,000 $BNSOL (~$22.18M)
– 20,916 $SOL (~$4.55M)
– 506,700 $RENDER (~$4.48M)
– 5.265 million $PYTH (~$2.46M)
– 137,000 $WIF (~$383K)
– 39,700 $IO (~$150K)
30 minutes ago, a wallet 234WJ (belongs to #Ceffu) just withdrew tokens worth $34.2M from #Binance:
– 100k $BNSOL (~$22.18M)
– 20,916 $SOL (~$4.55M)
– 506.7k $RENDER (~$4.48M)
– 5.265M $PYTH (~$2.46M)
– 137k $WIF (~$383k)
– 39.7k $IO (~$150k)Address:https://t.co/gX7sCtcwfR pic.twitter.com/JRMyFHMBhh
— The Data Nerd (@OnchainDataNerd) December 17, 2024
The timing and scale of these moves have caught the attention of market watchers, as large token withdrawals often signal shifting investor strategies or preparations for market activity. Combined with the whale’s successful SOL trades, these events highlight the continued influence of strategic players on the broader crypto market.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.