Odaily Planet Daily reported that according to the monitoring of on-chain analyst Yu Jin, a giant whale/institution that has been hoarding SOL through FalconX since the end of April has continued to hoard 73,500 SOL (worth US$13.83 million) in the past day.

He has accumulated and pledged 365,000 SOL (59.3 million USD) through FalconX in 3 months, with an average price of 162.4 USD. The current floating profit is 7.3 million USD.