PANews reported on October 23 that Solscan data showed that a whale address "56Uv...sh2u" pledged 6,653 SOLs to BGSOL on October 22, worth $1.1 million. BGSOL is a liquidity staking solution launched by Bitget and Solayer. Users will receive BGSOL tokens after staking SOL. Officials said that in addition to obtaining staking rewards, BGSOL can also be used for other DeFi activities. Solayer data shows that the current BGSOL TVL is $11 million.