---
title: "Three Crypto Whales Accumulate Nearly $35 Million Worth of Solana"
url: https://thecoingazette.com/three-crypto-whales-accumulate-nearly-35-million-worth-of-solana/
date: 2024-10-29
modified: 2024-10-29
author: "Coin Gazette Editorial"
description: "According to DailyHodl, an blockchain tracking firm Lookonchain has reported that three deep-pocketed investors, often referred to as \"whales,\" have collectively accumulated nearly $35 million worth of Solana (SOL) from..."
categories:
  - "Altcoins"
  - "News"
tags:
  - "blockchain"
  - "crypto investments"
  - "solana"
  - "whales"
word_count: 218
---

# Three Crypto Whales Accumulate Nearly $35 Million Worth of Solana

According to [DailyHodl](https://dailyhodl.com/2024/10/29/crypto-whales-accumulate-one-ethereum-eth-rival-from-binance-and-kraken-lookonchain/), an blockchain tracking firm Lookonchain has reported that three deep-pocketed investors, often referred to as "whales," have collectively accumulated nearly $35 million worth of Solana (SOL) from centralized exchanges Binance and Kraken.

#### Key Details

- **Whale Activity**: The three whales withdrew a total of **202,400 SOL** worth approximately $35 million over the past week. The largest withdrawal was made by a wallet identified as **AA21BS**, which withdrew **153,511 SOL** ($26.4 million) from Binance. Another wallet, **EHax**, withdrew **35,498 SOL** ($6.12 million) from both Binance and Kraken, while the third whale, **EGzi**, withdrew **13,000.8 SOL** ($2.3 million) from Binance.

- **Staking**: Notably, these whales have staked their acquired SOL tokens, indicating a long-term bullish outlook on Solana[](https://ambcrypto.com/solana-whales-scoop-up-35m-in-sol-whats-behind-their-move/).

- **Market Impact**[: The significant accumulation of SOL by these whales has led to speculation that Solana could reach the $195 level in the coming days](https://ambcrypto.com/solana-whales-scoop-up-35m-in-sol-whats-behind-their-move/)[. Technical analysis suggests that SOL is approaching a crucial resistance level, with the potential to reach its all-time high of $260](https://ambcrypto.com/solana-whales-scoop-up-35m-in-sol-whats-behind-their-move/)[.](https://ambcrypto.com/solana-whales-scoop-up-35m-in-sol-whats-behind-their-move/)

#### Analysts' View

Analysts are optimistic about Solana's future, citing the recent whale activity as a strong indicator of positive market sentiment[](https://ambcrypto.com/solana-whales-scoop-up-35m-in-sol-whats-behind-their-move/). The on-chain metrics show a bullish sentiment among traders, with the Long/Short ratio standing at 1.03[](https://ambcrypto.com/solana-whales-scoop-up-35m-in-sol-whats-behind-their-move/). However, there is also a potential for liquidation of short positions if the price drops to certain levels[](https://ambcrypto.com/solana-whales-scoop-up-35m-in-sol-whats-behind-their-move/).