Dormant Whale Stirs After a Year: Moves 80,000 SOL from Binance
According to fresh on-chain data from Lookonchain, a major crypto whale that had remained completely inactive for a full year has suddenly sprung back to life. Just five hours ago, the address withdrew 80,000 SOL from Binance—worth approximately $10.87 million at current prices.
Why This Move Is Making Waves
Long-dormant wallets reactivating often signal strategic shifts in the market. This particular address hadn’t interacted with the blockchain in 365 days, making its sudden activity a potential indicator of:
- Portfolio rebalancing by a large holder
- Preparation for a major transaction or investment
- Continued confidence in Solana’s long-term potential
What’s Next for the Funds?
While the destination of these funds remains unclear, analysts are watching closely. Possible next steps include staking, cross-chain transfers, or storage in cold wallets for long-term holding.
This move underscores growing momentum in the Solana ecosystem and could hint at a broader trend of dormant capital re-entering the market.