Crypto Whales Amass Millions in Solana and Neiro Amid Strategic Moves

Blockchain tracking service Lookonchain recently revealed that a few crypto "whale" investors have been rapidly acquiring substantial quantities of Solana (SOL) from leading exchanges Binance and Kraken, with the funds subsequently staked—a move typically indicating a long-term investment perspective.

Blockchain tracking service Lookonchain recently revealed that a few crypto “whale” investors have been rapidly acquiring substantial quantities of Solana (SOL) from leading exchanges Binance and Kraken, with the funds subsequently staked—a move typically indicating a long-term investment perspective.

Over the last week, three prominent whale wallets pulled nearly $35 million worth of SOL, taking it off-exchange and into staking mechanisms.

Among these, one whale withdrew approximately 153,511 SOL from Binance, valued at $26.4 million, over a six-day span starting October 27.

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A second account withdrew around 35,498 SOL, worth roughly $6.12 million, over three days, also transferring the funds into staking. The third whale removed 13,000.8 SOL, about $2.3 million, bringing their total holdings to over 95,000 SOL—an impressive sum with Solana trading at $180.

Lookonchain’s analysis also noted a recent surge in new wallet activity for Neiro (NEIRO), an Ethereum token positioned as a “sister” to Dogecoin.

One wallet, created on October 26, withdrew 230.4 ETH (valued at $575,000) from OKX to acquire over 8 million NEIRO tokens, while another new wallet transferred 5.41 million NEIRO, worth $453,000, from Gate.io. At a trading price of $0.09177 and a market cap near $91.75 million, NEIRO ranks as the 465th-largest crypto project, despite a recent dip in value.

This burst of activity on both SOL and NEIRO reflects targeted moves by large-scale investors, often perceived as strategic signals within the crypto market.

Alexander Stefanov