According to @MilkRoadDaily, more than $1B in proceeds from the BLSH IPO were settled on Solana, pushing stablecoin balances on the network back to cycle highs (source: @MilkRoadDaily on X, Aug 31, 2025). The source characterizes these elevated stablecoin balances as dry powder that drives real onchain activity, highlighting a near-term liquidity driver for Solana’s trading and DeFi ecosystem (source: @MilkRoadDaily on X, Aug 31, 2025).

According to @lookonchain, a major whale identified as 8rWuQ5 withdrew 71,000 SOL, valued at $12 million, from Binance and deposited the funds into Kamino just one hour ago. This significant outflow from a centralized exchange to a DeFi protocol signals a strong holding sentiment and potential yield strategy, reducing immediate selling pressure on SOL. Traders should monitor SOL’s on-chain activity and DeFi flows, as such large transactions can influence price dynamics and liquidity in the Solana (SOL) market. Source: @lookonchain