A significant Solana (SOL) transaction has stirred the crypto community. A stake account, originally funded by Binance three years ago, has just moved an astonishing 2.87 million SOL—equivalent to around $441 million—into a Binance cold wallet.
The move is notable not just for its size but for the timing and the method. Cold wallets are typically used for secure, long-term storage, indicating that this could be a strategic decision by Binance or an affiliated party to safeguard substantial assets.
Blockchain data shows that the stake account had remained mostly idle since it received the SOL from Binance three years back. Stake accounts are generally used in the Solana ecosystem to participate in network validation and earn rewards. However, large stake accounts also attract attention due to the power they hold in the network.
The shift to a cold wallet—a wallet not connected to the internet—is often seen as a move toward higher security, especially during times of market uncertainty or operational changes within an exchange.
JUST IN: Stake account funded by Binance three years ago just moved 2.87M $SOL ($441M) to a Binance cold wallet. pic.twitter.com/EwpObHU5wT
— Cointelegraph (@Cointelegraph) June 2, 2025
While such a large transfer might trigger concern or speculation among retail investors, moving assets to a cold wallet doesn’t necessarily mean liquidation. On the contrary, it may signal a decision to store funds safely amid market volatility.
Still, such moves are closely watched by traders and analysts, as they can provide clues about an institution’s strategy. Whether this points to a future SOL-related announcement from Binance or a routine security upgrade remains to be seen.
The post Binance-Linked Stake Account Moves $441M in SOL appeared first on CoinoMedia.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.