#Major holder increases SOL borrowing by $20 million.#
Hot Topic Overview
Overview
Recently, a whale has been continuously accumulating SOL and lending stablecoins through Kamino. This whale has spent $2.49 million buying 11,824 SOL and withdrawn 18,527 SOL (approximately $3.94 million) from Binance, subsequently depositing the SOL into Kamino to lend stablecoins. Currently, the whale has deposited 144,817 SOL (approximately $30.44 million) into Kamino and has lent out $20 million worth of stablecoins. This action has been interpreted as the whale's bullish outlook on SOL and may further drive the price of SOL upwards.
Ace Hot Topic Analysis
Analysis
Recently, a large whale has been continuously accumulating SOL and lending stablecoins through Kamino. The whale first spent $2.49 million to purchase 11,824 SOL, and then withdrew 18,527 SOL (approximately $3.94 million) from Binance and deposited them into Kamino. Currently, the whale has deposited 144,817 SOL (approximately $30.44 million) into Kamino and lent $20 million in stablecoins. This behavior is interpreted as the whale's bullish stance on SOL. By lending stablecoins, the whale may intend to leverage their gains or engage in arbitrage operations. This event has also sparked market attention on the price trend of SOL. Some analysts believe that the whale's accumulation behavior could drive up the price of SOL.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whales are buying and going long SOL
Whales are lending stablecoins through Kamino
Whales are leveraging through Kamino lending platform
Whales are bullish on SOL price