Whale Protection Staking refers to mechanisms in blockchain projects designed to safeguard assets held by large investors, often called “whales.” Whales can significantly influence market dynamics due to their substantial holdings. A sudden move by a whale, like selling a large portion of their assets, can create dramatic price swings.In Whale Protection Staking, large holders are encouraged to lock up their tokens for a specific period. By doing so, they receive rewards or interest, which incentivizes them to keep their assets rather than sell them. This helps stabilize the market by reducing the likelihood of sudden sell-offs.Additionally, some projects incorporate features that automatically mitigate the impact of whale activities. This could involve mechanisms that limit the amount of tokens a whale can sell at once or impose penalties for large transactions. Overall, Whale Protection Staking aims to create a more stable and predictable environment, benefiting both large investors and the broader community by minimizing volatility. It promotes long-term holding, which can contribute to a healthier ecosystem.
DeFi Dev Corp. Acquires Additional 86,000 SOL in $9.6 Million Purchase
DeFi Development Corp. has acquired 86,307 Solana (SOL) tokens at an average price of $110.91 each, increasing its total SOL