Bitwise becomes fifth-largest Solana validator after 1.27M SOL inflows
Solana (SOL)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Bitwise recorded 1.27M SOL in net staking inflows during August, rising to become the fifth-largest Solana validator. This growth highlights the increasing centralization risks within the ecosystem as large-scale financial products accumulate stake. The rise of Bitwise underscores the significant impact these major entities have on blockchain networks.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 1 September 2026. Not the outlet's figures.
SOL is trading at $103.06, with a 24-hour buy ratio of 49.4%, indicating a near-even split between buyers and sellers. However, short-term pressure is shifting, as the 1-hour buy ratio dropped to 40.2% and the 4-hour ratio fell to 46.3%. This decline suggests that buying momentum is fading in the immediate term compared to the daily average. Volume Delta confirms this weakness, showing net selling of -$5,615,033 over the last hour and -$3,555,251 over the last four hours. The cumulative selling pressure has resulted in a negative CVD of -$19,683,562 for the day, with net buying occurring in only 6 of the 24 hours.
The latest daily buy ratio of 48.8% sits at the 27th percentile of the last 322 days, against a median of 50.0% - weaker buying than most days.
Twenty-four hours later
What SOL did over the 22 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for SOL, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 51.6%, making today’s 24-hour ratio of 49.4% slightly below the weekly norm by 2.2 points. Trading volume has also slowed, sitting at 0.60x the weekly average, indicating a quieter market than usual. While the price has risen 4.1% over eight days, the current session shows less activity than the weekly baseline. This represents a deviation from the typical flow, as volume and buying intensity are both lower than the recent average.