Solayer team moves $8M worth of LAYER to Binance

On-chain analyst Onchain Lens reported on X that in the past hour, the team behind the Solana (SOL) restaking protocol Solayer (LAYER) transferred 6.9 million LAYER, worth $8 million, to Binance. According to CoinMarketCap (CMC), LAYER is currently trading at $1.14, down 2.04% over the past 24 hours.