Solana Whale Who Made $20M in 2023 Resurfaces to Buy $3.6M SOL Dip
A legendary Solana whale that banked over $20 million buying the 2023 floor has snapped up another $3.6 million in SOL. The address ended a two-year silence as price action rests nearly 74% below its record high. Institutional flows are quietly building alongside smart money accumulation.
Smart money is stepping back onto the floor. The legendary Solana wallet tagged GvHYQQ, which accumulated at $23 back in 2023 before riding the move up to bank over $20 million in profit, has broken its two-year silence. On-chain data reveals the trader just deployed $3.6 million to acquire 47,535 SOL near the $75 level.
The move lifts the whale's total holdings to roughly 147,535 tokens, worth over $11 million. While on-chain DEX volume remains muted, institutional products are reflecting a similar shift in appetite, with weekly ETF inflows spiking to $10.26 million. Traders are watching closely to see if this high-conviction buy marks another structural bottom.