Binance Whale Moves: Solana Stakeholder Unlocks $1.78M After 4 Years

A significant Solana whale has unstaked 12,296 SOL ($1.78 million) after four years of dormancy, marking a notable event in the cryptocurrency market. The whale initially staked 9,205 SOL, which was withdrawn from Binance U.S., and earned 3,091 SOL in rewards, resulting in a $1.74 million profit. This move could indicate profit-taking or portfolio rebalancing, especially given Solana’s recent market performance. Large-scale unstaking events like this often draw attention to network dynamics and investor behavior.

Solana Whale Unstakes 12,296 SOL After 4 Years of Staking

A long-dormant Solana whale has resurfaced, unstaking 12,296 SOL ($1.78 million) after four years of inactivity. The whale initially staked 9,205 SOL, withdrawn from Binance U.S., and earned 3,091 SOL in rewards—netting a $1.74 million profit.

The move signals potential profit-taking or portfolio rebalancing amid Solana’s recent market performance. Such large-scale unstaking events often draw attention to underlying network dynamics and whale behavior.

BNB Bulls Eye $644 as Technical Pattern Signals Potential Breakout

Binance Coin (BNB) is attracting renewed market attention as a classic triangle formation emerges on its daily chart. The token faces immediate resistance at $593, with trading volume holding steady at $1.24 billion amid an $83 billion market capitalization.

Technical analyst Andrew Griffiths notes the contracting price action—progressively lower highs and higher lows—typically precedes significant volatility. ’Triangle patterns compress energy like a spring,’ Griffiths observes. ’The resolution usually matches the intensity of the preceding trend.’

Sustained buying pressure suggests bullish conviction, though the pattern remains technically neutral until confirmed. A decisive close above $593 could validate the upside scenario, potentially targeting the $644 level referenced by traders.

VanEck Files for First-Ever Spot BNB ETF in the US

VanEck has submitted an application for the first spot BNB exchange-traded fund in the United States, signaling growing institutional interest in altcoin-based financial products. The move follows a surge in altcoin ETF filings, with over 70 active proposals currently under regulatory review.

Changpeng "CZ" Zhao, Binance’s founder, highlighted the market’s evolving focus during a recent conference. While the current cycle remains centered on Bitcoin ETFs, he anticipates altcoin offerings will gain prominence. VanEck laid the groundwork for this filing by establishing a statutory trust in Delaware last month—a standard procedure for crypto-related financial instruments.

The SEC’s approval likelihood remains uncertain, but the market exhibits strong confidence in forthcoming altcoin ETF approvals. This filing represents a significant milestone for BNB, positioning it alongside Bitcoin and Ethereum as candidates for regulated investment vehicles.

Binance Founder Proposes BNB and BTC for Kyrgyzstan’s National Crypto Reserve

Changpeng Zhao, founder of Binance, has recommended that Kyrgyzstan adopt BNB and Bitcoin as foundational assets for its National Cryptocurrency Reserve. The proposal aligns with his recent appointment to the country’s National Crypto Committee, where he will influence blockchain and digital asset policies.

A Memorandum of Understanding signed in April between Zhao and Kyrgyzstan’s National Investment Agency grants him advisory authority over blockchain infrastructure and regulatory frameworks. The collaboration aims to establish Kyrgyzstan as a Central Asian hub for digital assets.

Zhao emphasized BNB’s utility within the Binance ecosystem—spanning DeFi, staking, and smart contracts—as a key rationale for its inclusion. Bitcoin’s integration, he noted, would further bolster the reserve’s credibility and market stability.

BNB Climbs on 13% Volume Spike Amid ETF Speculation and Kyrgyzstan Partnership

Binance Coin (BNB) edged 1% higher to $595.32 after testing support at $584.61, buoyed by a 13% surge in trading volume exceeding $1.4 billion. The rally follows two catalytic developments: VanEck’s ETF filing for the token and Binance’s strategic pact with Kyrgyzstan to develop crypto payment infrastructure.

Changpeng Zhao’s May 4 announcement outlined a three-pronged collaboration with the Central Asian nation, including blockchain education initiatives and a treasury reserve holding both BNB and Bitcoin. As the native asset of Binance Smart Chain, BNB maintains its position as the fifth-largest cryptocurrency by market capitalization.

VanEck Files for First US-Traded BNB ETF with Staking Feature

Asset manager VanEck has submitted a filing to the U.S. Securities and Exchange Commission (SEC) for the first exchange-traded fund (ETF) tracking Binance Coin (BNB), the native token of BNB Chain. The proposed ETF may include a staking feature, enabling institutional investors to earn additional yield on their holdings.

BNB’s price remains muted below $600, posting modest 1% gains amid broader regulatory uncertainty. The SEC recently delayed decisions on altcoin ETF approvals until June, casting a shadow over near-term crypto investment products.

With $116.3 billion in assets under management, VanEck’s move signals growing institutional interest in crypto-native yield mechanisms. The staking feature could set a precedent for future cryptocurrency ETFs seeking to bridge traditional finance with blockchain’s passive income opportunities.