PANews reported on August 12 that according to Onchain Lens monitoring, a newly created wallet withdrew 91,891 SOLs worth approximately US$16.78 million from the Kraken exchange 40 minutes ago.

Earlier today, news broke that SOL whales have been frequently depositing large amounts of SOL into exchanges. Among them, address CMJiHu deposited 96,996 SOL (worth approximately $17.45 million) nine hours ago, address 5PjMxa deposited 91,890 SOL (worth approximately $15.98 million) into Kraken three hours ago, and address HiN7sS deposited 37,658 SOL (worth approximately $6.73 million) into Binance eight hours ago, generating a profit of $1.63 million.