PANews reported on February 13 that, according to Onchain Lens monitoring, a whale named "HXXQk" deposited 60,000 SOL tokens (worth $4.42 million) into Binance, ultimately losing $7.38 million on SOL.

The whale initially withdrew 111,945 SOL tokens (worth $17.16 million at the time) for staking, and then transferred them back to the exchange for $9.78 million.