SOL relative strength and whale accumulation
Solana is drawing attention from traders watching both price strength and large-wallet activity, after a tracker reported that two wallets withdrew a combined 318,718 SOL, worth about $33.55 million, from Binance and Kraken.
Whales are buying solana:So11111111111111111111111111111111111111112
Two large wallets withdrew a combined 318,718 SOL, worth approximately $33.55M, from major exchanges:• 281,446 SOL ($29.68M) withdrawn from Binance
• 37,272 SOL ($3.87M) withdrawn from Kraken
Large exchange… pic.twitter.com/9od9gc8dQR— Whalryx (@whalryx) August 29, 2026
The withdrawals were split between 281,446 SOL from Binance and 37,272 SOL from Kraken, according to a wallet-tracking post on X. The activity was framed as whale accumulation, but the transfer data alone does not show whether the coins were intended for long-term holding, custody reshuffling or another purpose.
Large withdrawals add to SOL’s market attention
The move comes as SOL has been discussed for its relative strength in recent market coverage, with Santiment’s Solana Metrics dashboard presenting large-wallet holdings data tied to the token. The dashboard link supports the broader focus on whale balances, though it does not by itself confirm why the recent withdrawals happened.
That leaves the clearest reading of the event as a sizable on-chain and exchange-flow signal, not a confirmed bullish catalyst. Large withdrawals can coincide with accumulation, but they can also reflect internal wallet management, storage changes or other operational moves.
For now, the notable point is the scale: more than 318,000 SOL moved out of two major exchanges in a single tracked event, keeping whale behavior in focus around a token that has already been attracting relative strength attention.
