Whale moves $15.96M in SOL to Kraken

A whale has unstaked 141,771 SOL (worth $15.96 million) and transferred it to Kraken, according to on-chain analyst Onchain Lens on X. The whale still has 1.69 million SOL (valued at $191.02 million) in staking, though that amount is down by $22.67 million. Deposits to exchanges are generally seen as an indication of intent to sell, while withdrawals often signal a holding strategy. According to CoinMarketCap, SOL is currently trading at $112.83, down 3.59% over the past 24 hours.