- Significant SOL withdrawal by whale KMhcqN from Kraken.
- 164,000 SOL moved since July 8, 2025.
- Staking activity suggests confidence in Solanaโs future.
Solana whale identified as โKMhcqNโ withdrew 76,000 SOL, valued at $14.5 million, from Kraken on July 24, 2025.
One whale account has influentially withdrawn and staked SOL, with implications for Solanaโs perceived long-term value. Kraken confirmed a whaleโs 76,000 SOL withdrawal, marking part of a broader transfer trend since July 8. Between these periods, the whale cumulatively transferred 164,000 SOL, an action notable within cryptocurrency tracking circles.
The involved whale, wallet address KMhcqN, is under observation but lacks public association with any crypto leaders or firms. The staked SOL reflects strategic positioning, potentially aligning with an expectation of market gains and future price stability.
The Solana market value dropped 8.5% to $183 during the activity, while Solanaโs market cap decreased. This acts as a reminder of whale influence on currency valuation and market behavior.
Historically, such large-scale staking often indicates investor confidence, sparked by bullish expectations. As price and availability changes affect market momentum, SOL staking like this supports volatility resilience and potential price increment.
Investors may interpret the whaleโs actions as a positive signal for Solanaโs blockchain prospects. Such events emphasize the role of strategic staking and how large asset holders can pivot markets.
Ali Martinez, Crypto Analyst, Twitter, noted, โSolana $SOL is breaking out of a textbook cup and handle pattern, with a breakout target of at least $1,315!โ
About the author
Federal Reserve Rate Cut Likely After CPI Data Release
Federal Reserve may cut rates in April with a 42% likelihood, as recent CPI data impacts financial outlook.
US December CPI Steady, Crypto Market Unaffected
December's stable CPI highlights ongoing inflation moderation amid financial market volatility, indirectly affecting sentiment toward cryptocurrencies and risk assets.
Meta to Reduce Workforce in Reality Labs Division
Meta plans to cut over 1,000 jobs in Reality Labs, focusing resources on AI-powered devices.
BNY Mellon CEO Criticizes Trump Administrationโs Pressure on Federal Reserve
Robin Vince, CEO of BNY Mellon, critiques the influence of Trump's administration on the Federal Reserve, raising concerns over market stability and bond market implications.
Bitcoin Slips Amid Unverified Trump Tariff News
Bitcoin's price has slipped to just under $90,000 after unconfirmed reports indicated U.S. President Donald Trump announced new tariffs.
Nigeria Enforces TIN Measures for Crypto Transactions
Nigeria mandates Tax Identification Number (TIN) measures for digital asset transactions from January 1, 2026, requiring banks, fintechs, and Virtual Asset Service Providers (VASPs) to validate and report customer details.
Related
Federal Reserve Rate Cut Likely After CPI Data Release
Federal Reserve may cut rates in April with a 42% likelihood, as recent CPI data impacts financial outlook.
US December CPI Steady, Crypto Market Unaffected
December's stable CPI highlights ongoing inflation moderation amid financial market volatility, indirectly affecting sentiment toward cryptocurrencies and risk assets.
Meta to Reduce Workforce in Reality Labs Division
Meta plans to cut over 1,000 jobs in Reality Labs, focusing resources on AI-powered devices.
BNY Mellon CEO Criticizes Trump Administrationโs Pressure on Federal Reserve
Robin Vince, CEO of BNY Mellon, critiques the influence of Trump's administration on the Federal Reserve, raising concerns over market stability and bond market implications.
Bitcoin Slips Amid Unverified Trump Tariff News
Bitcoin's price has slipped to just under $90,000 after unconfirmed reports indicated U.S. President Donald Trump announced new tariffs.
BlockDAG Presale Reaches Final Days: 1,566% Possible Gains While XRP and Chainlink Move Sideways
Secure a 1,566% ROI with BlockDAG before the January 26 cutoff. Find out why BDAG's $0.003 presale entry is surpassing Chainlink and XRP as top crypto now.
