Solana Whale Moves 100K SOL to Binance, Securing $153M Profit

A significant Solana whale has unstaked 100,000 SOL, worth approximately $13.9 million, and deposited it into Binance after four years of staking. This move comes as the whale realizes substantial profits, with the original investment now yielding over $153 million in gains. The whale continues to hold a sizable stake in Solana, indicating a strategic rebalancing rather than a full exit.

Solana Whale Unstakes 100K SOL for $153M Profit

A Solana whale unstaked 100,000 SOL, worth approximately $13.9 million, and deposited it into Binance after four years of staking. The whale originally accumulated 991,079 SOL at an average price of $27. With Solana trading at $140, the realized and unrealized gains from the original allocation now exceed $153 million. The whale still holds 1.19 million SOL staked, valued at about $166.37 million, suggesting a strategic rebalancing rather than a full exit.

BNB Price Reclaims $600, Eyes More Upsides

BNB price has risen from the $580 support zone and is now consolidating gains above $600. The price is attempting to recover above the $615 resistance zone and is trading above the 100-hourly simple moving average. A connecting bullish trend line is forming with support at $611 on the hourly chart. The pair must stay above the $600 level to continue the increase in the near term. After forming a base above $580, BNB price moved above $595 and $600 resistance levels, similar to Ethereum and Bitcoin. The bulls pushed the price above $610, with a high at $620 before a minor downside correction.

BTC Recovery and Market Surge Linked to Trump Media ETF Deal

The cryptocurrency market is staging a robust recovery, with Bitcoin (BTC) climbing to $93,000 for the second time this year. Global crypto market capitalization has surged 4.8% to $3.04 trillion, fueled by renewed institutional interest. The rally gained momentum after Trump Media inked an ETF partnership with Crypto.com, a move designed to spotlight U.S.-based digital assets. Analysts anticipate the deal will provide tailwinds for American crypto projects, further solidifying the sector’s resurgence. Market participants are now watching whether Bitcoin can sustain its upward trajectory amid growing macroeconomic uncertainty.

Binance Crypto Theft Case Moved to Florida

U.S. District Judge Barbara Rothstein has ruled in favor of Binance, allowing the cryptocurrency exchange to move a money laundering lawsuit from Washington to the Southern District of Florida. The decision hinges on the "first-to-file" rule, a legal principle designed to avoid redundant litigation. Both cases allege Binance facilitated the laundering of stolen crypto assets by cybercriminals. The Florida suit, initiated in June 2023, predates the nearly identical Washington filing from August 2024. The transfer consolidates the legal battle into a single jurisdiction, streamlining proceedings. Binance continues to face mounting regulatory scrutiny as authorities intensify efforts to police illicit activity in the digital asset space.

Whale Activity and Bitcoin Price Volatility

Bitcoin’s surge past $90,000 has sparked a high-stakes battle between whales, with opposing bets setting the stage for potential market turmoil. One institutional player placed $74.5 million in short positions as BTC touched $92,000, while another counteracted with a $91 million purchase—a move mirrored by retail traders increasing their shorts. The cryptocurrency now trades at $93,556, buoyed by aggressive whale accumulation. Market sentiment fractures along two narratives: either a violent short squeeze looms, or this marks a local top. Notably, a Binance hot wallet received 1,000 BTC ($91 million) just before the $90,000 reclaim—a surgical strike suggesting orchestrated accumulation rather than organic demand.

Hyperlane Impresses with $200 Average User Revenue During TGE

Hyperlane, a newly launched project on April 22, achieved an impressive average user revenue of $200 without disclosing participants’ data. Meanwhile, PumpBTC and StakeStone stood out in early April’s Token Generation Events (TGEs) in terms of participation and market caps. Binance Wallet postponed its unified upgrade and $5 million airdrop but recent TGEs show massive acceptance of Web3 projects. PumpBTC, in particular, saw 406,000 BNB invested and over 135,000 active users, with an average revenue per user of $40, a market cap of $53 million, and a diluted valuation of $186 million.