Solana News: Major Investor Stakes Significant Amount of SOL, Boosting Market Sentiment

A major Solana investor has recently staked a significant amount of SOL, withdrawing a large sum from Binance just hours before the staking activity. This move is expected to strengthen the market sentiment for the cryptocurrency.

Solana Whale Stakes Significant Amount of SOL in Two Days

A major Solana ($SOL) investor has made significant moves, staking 134,482 SOL, worth $22.85 million, in just two days. The investor withdrew $7.98 million worth of 47,154 SOL from Binance just a few hours before staking the entire amount. This whale has been actively withdrawing and staking large amounts of SOL, strengthening the market sentiment for the cryptocurrency.

KRAIN Airdrop Goes Live: Claim Free Tokens Before It’s Too Late!

KRAIN AI, an AI-powered blockchain project, has launched its anticipated airdrop, drawing attention from crypto enthusiasts. Known for its AI-driven automation and decentralized intelligence, the project offers early supporters a chance to earn $KRAIN tokens by engaging in various activities. Participants need to sign up on the airdrop website and LINK their Solana wallet to earn points.

Solana (SOL) ETF Filings Enter Federal Register, SEC Has Until Oct. 16 to Decide

According to FOX Business journalist and producer Eleanor Terrett, several institutions have filed for Solana (SOL) ETFs, and these filings have now entered the Federal Register. The filings, which include those by Grayscale, Vaneck, Canary Capital, Bitwise, and 21Shares, were entered on Feb. 18, starting a 240-day clock for the Securities and Exchange Commission (SEC) to engage and either approve or deny these products on or before October 16.

SOL Price Struggles to Rebound Amid Market Weakness

Solana (SOL) has posted mild gains of 0.4% in the past 24 hours but is struggling to stay above a key support area. Over the past 7 days, SOL has lost 9.2% of its value, currently trading at $174.7 per coin. Despite this weakness, SOL is still performing better than Ethereum (ETH), which has lost 17.7% year-to-date. The Solana ecosystem has been rapidly expanding, with significant growth in total value locked (TVL) for decentralized applications like Jito, Jupiter, and Raydium. Additionally, the launch of celebrity-endorsed meme coins has added to the buzz around the Solana ecosystem.

Sol Strategies Boosts SOL Holdings, Partners with Tetra Trust for Staking

Sol Strategies Inc, a Canadian publicly listed company focused on advancing the Solana blockchain ecosystem, has recently made significant SOL purchases. Between February 7 and February 14, 2025, the company acquired 12,456 Solana (SOL) tokens worth approximately USD $2.66 million, increasing its total SOL holdings to 226,798 with a value of USD $47.51 million as of February 14, 2025. Additionally, Sol Strategies has been chosen as an approved staking provider for Tetra Trust, Canada’s first licensed digital asset trust company. This partnership will enable Tetra’s institutional clients, including those linked to 3iQ’s upcoming Solana Staking ETF, to utilize Sol Strategies’ validator infrastructure via Tetra’s custody platform, thereby enhancing institutional access to Solana staking.