Solana Sees Record Inflows After Massive $218 Million Whale Transfer

A massive $218 million transfer involving a prominent cryptocurrency whale has sparked excitement in the Solana ecosystem, fueling record inflows into its newly launched ETF. The transaction was tracked by Whale Alert and revealed a significant shift of 1,097,555 SOL tokens from a verified Coinbase Institutional wallet to an unknown address. This move coincided with the launch of Bitwise’s Solana ETF ($BSOL), which witnessed a staggering $69.5 million in first-day inflows, nearly 480% higher than the debut of its competitor, the $SSK ETF. Experts believe this timing highlights a strategic move to capitalize on institutional interest. While market analysts attribute this surge to expanded DeFi applications and growing investments by large players, this whale transaction has ignited excitement for Solana’s future as a leading blockchain network.