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Massive SOL Movements: What's Happening with the Big Funds?
In the past few hours, the Solana blockchain has recorded significant movements of large volumes. According to data captured by Arkham and reported by ChainCatcher, substantial transfers of 46,000 SOL were detected to Fireblocks custody.
Transaction Details
The most notable event was the movement of 46,000 SOL from the B2C2 Group to Fireblocks Custody, executed at 23:47. At current prices of approximately $141.50 per token, this amount represents a value close to $6.5 million.
Minutes earlier, at 23:45, an additional flow of 20,000 SOL from Robinhood was registered, directed toward the same Fireblocks custody platform, valued at around $2.8 million.
What Does This Mean?
These movements toward regulated custody platforms suggest a consolidation of positions by institutional actors. The concentration of SOL in services like Fireblocks, used by large-scale funds and operators, indicates an asset safeguarding strategy or possible preparation for structured trading operations.
With Solana demonstrating network strength and attracting greater institutional adoption, these flows keep the market focused on whale movements and the intentions of major players in the ecosystem.