Solana Whale Awakens, Moves $11M After Year-Long Slumber

A Solana wallet that had been inactive for one year suddenly withdrew $10.87 million in SOL tokens from Binance on January 10.

The wallet, which had not moved any funds since January 2025, transferred 80,000 SOL to a private wallet after being detected by on-chain tracker Lookonchain about five hours later.

This type of exchange-to-wallet transfer typically indicates long-term holding intentions rather than plans for immediate selling.

The Solana network has been experiencing a decline in trading volume, with a 24.42% drop to $3.76 billion over the past day.