Solana ($SOL) is capturing major attention from crypto whales, with several high-value withdrawals and record-breaking metrics signaling strong interest in the asset.

Notably, a whale using the address “AA21…VxH9” recently withdrew 153,511 $SOL, worth $26.4 million, from Binance over the past six days and staked it, indicating a long-term strategy.

Similarly, “EHax…gAUa” pulled 35,498 $SOL (valued at $6.12 million) from Binance and Kraken within the last three days, also opting to stake.

Another large holder, “EGzi…mR7g,” withdrew 13,000.8 $SOL ($2.3 million) from Binance just one hour ago and currently holds 95,651 $SOL, totaling $16.83 million.

Beyond whale activity, Solana has enjoyed its fourth consecutive week of strong investment inflows, with $10.8 million entering Solana-focused digital asset products.

This trend highlights the asset’s growing appeal as other cryptocurrencies, like Ethereum and Cardano, registered outflows over the same period. Meanwhile, Bitcoin led the market with a notable $920 million in inflows.

Solana’s Growth Continues 

Solana’s decentralized exchange (DEX) ecosystem is also on a remarkable upward trajectory. The chain recently achieved a record-breaking 35% dominance in weekly DEX volume across all blockchains, solidifying its lead in decentralized trading. Its weekly volume reached an impressive $15.78 billion, outpacing Ethereum’s $8.87 billion by a substantial 77.91%, marking the highest-ever weekly lead over Ethereum.

This influx of whale investments, paired with Solana’s impressive DEX performance, suggests mounting confidence in the asset as a potential competitor in the cryptocurrency space. The surge in staked holdings and increased investment interest reflect growing optimism among large investors about Solana’s long-term growth.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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