Last week we saw big price swings in the cryptocurrency market, especially after news broke about Israel attacking Iran.
During this period, affluent investors have been quietly accumulating significant amounts of Solana (SOL), as tracked on-chain.
According to data from Lookonchain three investors have been on a buying spree and withdrawing their tokens to personal wallets and staking them for passive income. This strategy reflects a commitment to holding these assets over the medium to long term, in contrast to the previous trend of engaging in high-risk, short-term speculation, particularly with memecoins.
One of the standout addresses, pulled out 153,511 SOL from Binance in the last six days, valued at around $26.4 million. Most of this amount was staked using Marinade Finance, leading to the acquisition of MSOL tokens.
Another address increased its holdings by adding 13,000 SOL to a previous stash of 95,651 SOL, bringing the total to approximately $16.83 million.
The last address bought 35,498 SOL worth about $6.12 million from Binance and Kraken within a three-day window. This investor also chose to stake through the Jito Network, obtaining JITOSOL tokens.
A fresh attempt to address Solana’s ongoing inflation debate is back on the table—this time with a restructured voting model designed to foster consensus and move the network toward its long-term economic goals.
Synthetix’s native stablecoin, sUSD, is once again under pressure as it continues to drift further from its intended $1 peg—raising fresh concerns over the resilience of decentralized stablecoins.
On April 17, 2025, U.S. spot Bitcoin ETFs experienced a significant uptick in inflows, while Ethereum ETFs saw no net movement, according to data from Farside Investors.
Several cryptocurrencies among the top 100 by market cap have faced heavy losses over the past seven days, with a few tokens seeing sharp double-digit declines.