Kraken Users Favor Five Coins Including Bitcoin as Data Suggests Whales Accumulate Solana

• Kraken users’ top five: BTC, ETH, XRP, BNB, SOL

• On-chain data shows large wallets withdrawing SOL from exchanges and depositing into Solana lending/staking platforms.

• Weekly performance: XRP and SOL up ~7.2%; recent whale transactions total roughly $577.5M in SOL (reported figures).

Kraken most popular coins: BTC, ETH, XRP, BNB, SOL — learn why whales are buying SOL and what it means for investors. Read analysis and takeaways now.

What are Kraken users’ most popular coins right now?

Kraken most popular coins are Bitcoin (BTC), Ethereum (ETH), XRP, Binance Coin (BNB) and Solana (SOL). These five large-cap assets lead user activity on Kraken, with BTC and ETH dominating volume and XRP and SOL showing stronger weekly percentage gains, per market data snapshots.

Why are these five tokens dominant on Kraken?

Kraken’s user preference reflects liquidity, market capitalization and recurring newsflow. Bitcoin and Ethereum remain primary stores of value and trading volume. XRP and Solana benefited from recent positive price momentum. BNB saw modest intraday gains, suggesting exchange-token demand patterns.

How are whales affecting Solana (SOL) price action?

On-chain reports show large wallets moving substantial SOL off exchanges into custody and DeFi protocols. Two wallets reportedly bought 376,076 SOL (~$80.7M) on Binance, withdrew it and deposited into Kamino, a Solana-based lending/staking platform. This type of activity reduces exchange liquidity and can support price rises.

Additional on-chain monitoring noted four large transfers of SOL totalling about 2,694,523 SOL, with an estimated fiat value near $577.5M. These transactions were reported by on-chain observers and monitoring services, recorded as large wallet movements.

What does whale accumulation mean for investors?

Whale accumulation often signals increased institutional or large-holder interest. Reduced exchange supply can create upward pressure if demand persists. Traders should weigh on-chain flows against macro factors and liquidity; accumulation is a bullish signal but not a guarantee of sustained rallies.

Frequently Asked Questions

Which tokens top Kraken’s list of most-traded or held coins?

Kraken’s current top five are Bitcoin, Ethereum, XRP, Binance Coin and Solana, reflecting a mix of long-term stores of value and high-liquidity altcoins favored by its user base.

How large were the recent SOL whale transactions?

Recent on-chain reports cite transfers of 853,357 SOL; 852,950 SOL; 494,108 SOL; and 494,108 SOL — aggregated at roughly 2.69 million SOL, valued at approximately $577.5 million at reported prices.

Where do these on-chain figures come from?

Market observers and on-chain analytics services reported the data, and price/volume context is available via market trackers such as CoinMarketCap and public on-chain explorers. These are cited as plain-text sources for reference.

Key Takeaways

• Top five on Kraken: Bitcoin, Ethereum, XRP, BNB and Solana lead user activity.
• Whale accumulation: Large SOL transfers and deposits into lending/staking platforms indicate strong demand.
• Market impact: Reduced exchange supply of SOL can support short- to medium-term price strength; monitor liquidity and macro factors.

Conclusion

This report shows that Kraken most popular coins combine core market leaders and momentum-driven altcoins. Concurrent Solana whale accumulation has coincided with SOL price gains and lower exchange supply, a signal worth monitoring for traders and investors. For continued coverage and analysis, follow COINOTAG updates and on-chain data reports.