According to Lookonchain, a major Solana holder deposited 49,858 SOL worth $8.46 million to Kraken, realizing a $3.11 million loss after holding and staking the tokens for six months. The whale initially withdrew 48,185 SOL worth $11.58 million from Kraken at $240 per token, earning 1,673 SOL ($286,000) in staking rewards, but suffered significant losses due to the price drop. This large deposit to Kraken increases the potential for heightened selling pressure on SOL, which traders should closely monitor as it may signal further short-term volatility or downward momentum in the Solana market. The movement also highlights the limitations of staking to offset principal losses during sharp price corrections (Source: Lookonchain via Twitter, May 16, 2025).

According to AltcoinGordon on Twitter, Binance has increased its SOL holdings by more than 1 million tokens since May 4th, 2025 (source: twitter.com/AltcoinGordon/status/1922958636030230931). This significant accumulation by a leading exchange may signal increased institutional interest and potential support levels for Solana. Traders should monitor Binance’s wallet activity and overall SOL inflows, as such large-scale movements often precede increased volatility and could impact short-term price action in the cryptocurrency market.

According to Dean (@deanmlittle) on Twitter, Solana has successfully deployed a functioning quantum-resistant vault without requiring any protocol changes. This advancement directly addresses concerns raised by prominent Bitcoin maximalists who previously suggested Solana would be vulnerable to quantum computing threats. Following this development, even initial critics have begun expressing bullish sentiment on SOL, indicating increased confidence among traders and the likelihood of stronger price momentum for Solana in 2025 (source: https://twitter.com/deanmlittle/status/1920887440744566816). For traders, this breakthrough enhances Solana’s long-term security profile, improving its appeal as a resilient blockchain asset in the face of emerging quantum computing risks.

According to Lookonchain, three newly created wallets withdrew a total of 145,000 SOL, valued at $21.8 million, from the Kraken exchange within the past hour. Large-scale withdrawals like this often indicate potential accumulation or preparation for off-exchange trading, which can signal bullish sentiment or impending price volatility for Solana. Traders should monitor these wallets and Solana’s on-chain activity closely for short-term price movements, as significant outflows from centralized exchanges are frequently associated with reduced selling pressure and possible upward momentum (Source: Lookonchain, solscan.io).