An analysis of blockchain data reveals that a major cryptocurrency investor has significantly reduced their Solana (SOL) holdings this year.
The investor began their sell-off on January 15 and has since offloaded a total of 614,000 SOL, valued at approximately $89 million, across platforms such as Coinbase, OKX, and Binance.
The sales have occurred at a steady pace, averaging one transaction per week. Recent on-chain data also indicates that around 100,000 SOL was recently withdrawn from staking services before being moved to these exchanges.
According to a recent report by CoinShares, Solana has experienced significant outflows from institutional crypto investment products, with $39 million leaving the platform last week alone.
This marks the largest recorded outflow, attributed to a decline in trading volumes of meme-based tokens, which are a major part of Solana’s ecosystem.
The Cboe BZX Exchange has submitted a filing with the U.S. Securities and Exchange Commission (SEC) seeking approval for a new exchange-traded fund (ETF) that would track Injective’s native token (INJ).
Bernstein has flagged growing risks in Ethereum’s corporate adoption trend, cautioning that the rise of “ETH treasuries” could reshape the network’s supply and risk dynamics.
Interactive Brokers, one of the world’s largest online brokerage platforms, is exploring the possibility of issuing its own stablecoin, signaling a potential expansion into blockchain-driven financial infrastructure as U.S. crypto regulation begins to ease.
Trading volumes for BNB Coin (BNB) have doubled in the past 24 hours to $3.8 billion as the price rises by 7%. This favors a bullish BNB Coin price prediction at a point when the token just made a new all-time high. BNB is the second crypto in the top 5 to make a new […]