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A large amount of staking on the SOL chain has surged, with 1.11 million SOL transferred at once, valued at over 140 million USD.
[Block Rhythm] A large amount of staking operation has reappeared on the SOL on-chain. On December 23, on-chain data showed that a wallet completed the staking of over 1.11 million SOL in just 20 minutes, corresponding to a market value of up to 148 million USD. What considerations are behind this operation? The market is closely following. Large staking usually indicates that institutions or large investors are optimistic about network security, and it may also be preparing for subsequent market fluctuations. In any case, the movements of such whales often become a barometer of market sentiment.