Dormant Solana Whale Awakens: 80,000 SOL Moved After 1 Year

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News A Solana (SOL) whale has stirred the market’s attention after it woke from 365 days of dormancy to make a bullish bet on the altcoin. As tracked by an on-chain platform on X, Lookonchain, the long inactive wallet has withdrawn 80,000 SOL from the Binance exchange into a private wallet. Advertisement Exchange withdrawal suggests long-term SOL accumulation strategy The fiat value of the moved assets is approximately $10.87 million at the current market rate. Many in the Solana community are excited about this move as it signals a possible rally might soon be at play. The community members are keen on tracking the whale’s next move . Notably, for such a large holder, moving that volume of Solana from Binance could suggest that they are active again after one year. The withdrawal also signals that the whale does not intend to sell anytime soon but wants to hold SOL in the long term. Wallet 7Z4KKD withdrew 80K $SOL ($10.87M) from #Binance 5 hours ago after being dormant for 1 year. https://t.co/N66DJZayCq pic.twitter.com/oraoVgBtzV — Lookonchain (@lookonchain) January 10, 2026 If the Solana whale plans to sell, they would have left their asset on the exchange for quick disposal when the market price is right. However, it is the movement to a private wallet amid market volatility that has triggered bullish anticipation in the ecosystem. A user stated that the Solana whale wallet "woke up with purpose." Others are keen on understanding the whale, their motive and whether it is an old miner behind the wallet or a bold player placing a huge bet on Solana’s future price outlook. Solana struggles below key support despite whale activity Solana has shed $5, dropping from a daily trading peak of $140.42 to a low of $135.05 as volatility continues in the market. As of this writing, Solana was trading at $136.39, representing a 1.33% decline over the last 24 hours. You Might Also Like Sat, 01/10/2026 - 10:51 'Stay Strong' Shiba Inu Team Member Speaks as SHIB 2026 Rally Stumbles By Tomiwabold Olajide The coin’s trading volume is also struggling and down by 24.42% to $3.76 billion. This is largely due to the failure of Solana’s price to hold above the critical $137 support. As soon as the coin breached this support, it triggered sell pressure. On the positive side, U.Today reported that Solana might record expanded growth in 2026, given it is the second biggest ecosystem in terms of developer activity. The blockchain is anticipating the Alpenglow upgrade in the first half of the year. This is expected to reduce transaction time to within 100-150 milliseconds, making it faster than the Google search engine. Investors have always favored the Solana blockchain due to its transaction throughput, and the upgrade could further drive adoption and impact the price positively. #Solana