Solana Whale Stakes $15M SOL Amid $4.5B SOL Meme Coin Panic

A Solana whale caused a market stir on Wednesday by heavily accumulating coins for staking purposes despite the ongoing meme coin panic on the network. On-chain data flagged that the whale withdrew 87K SOL, worth $14.8 million, for staking whilst the crypto’s price traded around the $169 level. In turn, traders and investors speculate whether the leading altcoin could regain a break above $200 after losing nearly 15% since last week amid a $4.5 billion SOL meme coin insider trading saga.