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