Solana Big Fish Move $35M: 200,000 SOL Dem Withdraw From Kraken And Stake Am As JitoSOL
One big Solana (SOL) whale just commot over 200,000 SOL tokens, wey be like $35 million, after many months of no movement. Before, this whale don make plenty money, with big withdrawals from Binance and earnings from staking for de past 10 months. Latest gist be say, one new whale wallet comot 200,000 SOL from Kraken and change all of am to JitoSOL for staking, show say dem dey move from centralized exchanges to liquid staking. These big transactions show say people still get confidence for Solana ecosystem, and dem dey interested in making more money through DeFi and staking like JitoSOL. Even though dem no link anybody directly to de wallet, dis tin show say big market players dey vex enter DeFi more. When dem unstake and restake like dis, e fit make SOL market get more money to trade, and e fit cause high trading volumes and quick price change. Traders suppose dey watch Solana well-well for any price movement wey fit happen because of wetin dis whale do and as more people dey use staking solutions.
Neutral
As dem withdraw and put over 200,000 SOL from Kraken inside JitoSOL, e show say big big investors (whales) dey move well well, and dem dey shift moni from main bank go blockchain money (DeFi). But dis movement na mainly for staking, no be say dem wan sell am sharp sharp. No clear sign say dem wan sell de SOL wey fit crash de market. But as dem dey stake plenty, e fit mean good for long term because dem don lock up de supply. But since JitoSOL allow dem to still use de moni for DeFi, e no really make de supply tight like we sabi. So, de price no go too change sharp sharp, but traders suppose watch out for small small up and down because plenty pipu go dey look and de market go hot.