Solana whale purchases $3.6 million in SOL after two-year hiatus

A prominent Solana (SOL) investor, identified by blockchain tracker Lookonchain as wallet GvHYQQ, has resumed activity after two years of dormancy. The whale purchased 47,535 SOL, valued at approximately $3.6 million.

This investor previously realized over $20 million in profit during 2023 by accumulating 291,790 SOL at an average price of $23.37 during market dips and subsequently selling at an average price of $128.36. Following the recent purchase, the wallet's total position is estimated at roughly 147,535 SOL, worth nearly $11.1 million at current market prices.

The purchase occurs while SOL trades significantly below its January 2025 record high. While some on-chain signals have turned bearish, institutional interest remains notable, with Solana ETF inflows reaching $10.26 million in the week ending August 14.