The Solana ecosystem continues to heat up. On-chain data shows that a leading address recently locked over 1.17 million SOL, worth approximately $148 million. At the current market price of $140.04, this large staking operation reflects institutional confidence in SOL's long-term prospects. Large holders' staking behavior is often seen as a market confidence indicator and helps enhance the security of the Solana network.
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The Solana ecosystem continues to heat up. On-chain data shows that a leading address recently locked over 1.17 million SOL, worth approximately $148 million. At the current market price of $140.04, this large staking operation reflects institutional confidence in SOL's long-term prospects. Large holders' staking behavior is often seen as a market confidence indicator and helps enhance the security of the Solana network.