PANews reported on April 22 that according to Onchain Lens monitoring, whales are accumulating SOL and staking it. It was found that the following three whale addresses have withdrawn a total of US$14.27 million worth of SOL from CEX.

Wallet 1: A newly created wallet withdrew 44,116 SOL (worth $6.14 million) from Binance and used it for staking.

Wallet 2: A whale wallet withdrew 20,001 SOL (worth $2.85 million) from Binance and used it for staking, bringing the total staking amount to 45,000 SOL (worth $6.4 million).

Wallet 3: A newly created wallet withdrew 37,688 SOL (worth $5.28 million) from the exchange.