On February 22, blockchain monitoring platforms revealed activity from a crypto whale that had been dormant for months. The whale withdrew a total of 50,000 SOL — worth approximately $4.25 million — from Binance and Bybit after a 5-month silence.
Notably, the whale did not immediately trade the tokens after withdrawal, instead opting to stake them. This strategic move suggests confidence in the long-term potential of the SOL ecosystem.