Gate News bot message, a newly created wallet address H2oNAX withdrew 200,000 $SOL, valued at $17.17 million, from a centralized exchange 9 hours ago. The wallet subsequently staked the withdrawn tokens.

Gate News reports that on March 12, according to on-chain analyst The Data Nerd's monitoring, a newly created wallet withdrew 200,000 SOL from a certain CEX within the past 1 hour, valued at approximately $17.2 million.

Gate News reports that on March 12, according to Arkham monitoring, Alameda unstaked SOL worth $17 million and transferred it to a bankruptcy account. It is understood that Alameda regularly distributes SOL to creditors on a monthly basis. Currently, its on-chain account still holds SOL worth $321 million.

On March 12, Gate News reported that the US SOL spot ETF had a net inflow of $1,663,100 on March 11, with the Bitwise Solana Staking ETF net inflow of $3,151,700, bringing the total net inflow in history to $771 million. Grayscale Solana Trust, on the other hand, experienced a net outflow of $1,488,600. The total assets under management (AUM) amount to $830 million.

Although Solana (SOL) has recently maintained stable prices, approximately 30 institutional investors collectively hold around $540 million in Solana ETF positions, indicating interest in long-term investment. Currently, SOL is fluctuating around $80 to $90, with $80 being a key support level. A break below could signal a drop below $64. Analysts believe that institutional capital inflows will influence SOL's future performance.

Gate News bot message, according to the official Gate announcement on March 11, 2026 Gate launches "Crazy Wednesday" event, running from 14:00 on March 11, 2026, to 16:00 on March 15, 2026(UTC+8). Users can unlock blind boxes by completing multiple tasks such as flash swaps, spot trading, and futures trading, with a chance to win XPIN tokens, Airbnb gift cards, and other prizes. The blind boxes guarantee a win. During the event, Gate introduces USDT financial products with a 14-day fixed-term annualized yield of 8%. New users participating in 3-day fixed-term financial products can achieve an annualized yield of up to 100%. Additionally, cryptocurrencies like 0G, APT, AZTEC, IDOS, and others offer annualized yields of up to 300%. There are also staking activities for BTC, ETH, and SOL mining, offering a 5% bonus interest rate. Staking BTC can yield a maximum annualized return of 9.99%, staking ETH up to 9.75%, and staking SOL up to 16%.

Solmate Infrastructure announces strategic transformation into an institutional-level Solana infrastructure provider, with operations based in Abu Dhabi, planning to sell some non-core assets and implement a 10-for-1 reverse stock split. This move aims to accelerate the transition to blockchain infrastructure and digital asset management, despite capital market pressures.

Gate News reports that on March 10th, according to Lookonchain monitoring, the US Bitcoin ETF saw a net inflow of 2,070 BTC, Ethereum ETF experienced a net outflow of 24,138 ETH, and Solana ETF had a net outflow of 33,350 SOL.

Although Solana's price has fallen more than 31% this year, its spot ETF still attracted a large influx of funds, totaling approximately $1.5 billion, indicating strong interest from institutional investors. Despite recent outflows, the overall amount remains close to $960 million, and the market has widely discussed this phenomenon, believing that the main driving force is long-term investment confidence.