On-chain accumulation phenomenon: $15.9 million worth of Solana ecosystem DeFi tokens transferred in a concentrated manner

LayerZeroHero · 2026-02-17T04:17:09+00:00

Over the past two days, multiple wallet addresses have withdrawn $15.9 million worth of Solana ecosystem DeFi tokens from exchanges, mainly PUMP tokens, accounting for 87% of the total transfer amount. This behavior indicates that holders are optimistic about the related projects, reflecting that the Solana ecosystem continues to attract capital attention.

LayerZeroHero

2026-02-17 04:17:09

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According to on-chain monitoring data from Lookonchain, multiple wallet addresses have engaged in coordinated accumulation activities over the past two days. These addresses transferred a total of $15.9 million worth of Solana ecosystem DeFi tokens from centralized exchanges, sparking market attention.

Composition of the Large-Scale Token Withdrawals

The tokens withdrawn include several major DeFi projects within the Solana ecosystem. Among them, PUMP tokens were the most prominent, with a transfer volume of 7.39 billion tokens, valued at $13.77 million, accounting for the majority of the total transfer amount. The other tokens include: 8.02 million CLOUD tokens (worth $62,100), 9.06 million KMNO tokens (worth $53,900), 1.33 million JTO tokens (worth $52,100), and 3.05 million Drift protocol tokens (worth $47,900).

The Behind the Multi-Chain Asset Transfers

This large-scale withdrawal from exchanges reflects holders’ confidence in these Solana ecosystem projects. Wallet addresses transferring tokens in bulk typically indicate long-term holding intentions or bullish expectations for future price movements. Notably, PUMP tokens account for nearly 87% of the total transfer amount, highlighting market participants’ particular interest in this project. The single large transfer of $15.9 million also demonstrates that the Solana DeFi sector continues to attract significant capital attention.

PUMP2,5%

CLOUD1,76%

KMNO1,52%

JTO8,36%

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