Solana Whale Awakens, Withdraws $10M from Binance Amid Network Upgrade
A significant transaction took place on the Solana blockchain recently, where an inactive wallet withdrew $10.87 million worth of SOL tokens after a one-year period of inactivity.
The withdrawal was made to a private wallet from Binance, and it's unusual for large holders to leave their assets on exchanges if they plan to sell them soon.
This move is seen as a positive sign by many, as it reduces selling pressure on the exchange. It's also worth noting that this transaction comes at a time when Solana is undergoing its most significant infrastructure upgrade since launch, with the Alpenglow consensus overhaul expected in H1 2026.
The upgrade aims to reduce current confirmation times of 12.8 seconds to as low as 100-150 milliseconds, which could potentially drive adoption and improve network performance.