{"id":136037,"date":"2024-08-22T19:00:09","date_gmt":"2024-08-22T16:00:09","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136037"},"modified":"2024-08-22T15:03:48","modified_gmt":"2024-08-22T12:03:48","slug":"crypto-whale-offloads-tens-of-millions-in-solana-as-institutional-outflows-surge","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-whale-offloads-tens-of-millions-in-solana-as-institutional-outflows-surge\/","title":{"rendered":"Crypto Whale Offloads Tens of Millions in Solana as Institutional Outflows Surge"},"content":{"rendered":"

The investor began their sell-off<\/a> <\/strong>on January 15 and has since offloaded a total of 614,000 SOL<\/a><\/strong>, valued at approximately $89 million, across platforms such as Coinbase, OKX, and Binance.<\/p>\n

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 Recent on-chain data also indicates that around 100,000 SOL was recently withdrawn from staking services before being moved to these exchanges.<\/p>\n

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.<\/p>\n