#Whales are dumping SOL and JLP.#
Hot Topic Overview
Overview
Recently, there have been whale sales of SOL and JLP, attracting market attention. One whale sold 906,792 JLP tokens at an average price of $4.18, obtaining 3.79 million USDC 20 hours ago. Another giant whale is suspected of selling off SOL accumulated eight months ago. It deposited 50,227 SOL ($9.4 million) to Kraken 8 hours ago. If sold, the whale could profit $1.227 million. This whale withdrew 86,777 SOL from Kraken and Coinbase at an average price of $162.72 between June and July 2024. In the past three weeks, it has deposited 81,227 SOL back to exchanges, generating a profit of $2.326 million. These whale sell-offs have triggered market concerns about the price trends of SOL and JLP, reflecting the volatility of market sentiment.
Ace Hot Topic Analysis
Analysis
Recently, the market has observed two major whale sell-offs of cryptocurrencies, raising concerns about the price trends of SOL and JLP. Firstly, a whale sold 906,792 JLP tokens at a price of $4.18, 20 hours ago, generating a profit of $3.79 million. Secondly, another whale deposited 50,227 SOL tokens, worth $9.4 million, into the Kraken exchange, 8 hours ago. This whale is suspected to be reducing its holdings of SOL accumulated eight months ago, which could result in a profit of $1.227 million if sold. Notably, this whale withdrew 86,777 SOL tokens from Kraken and Coinbase between June and July 2024 at an average price of $162.72. In the past three weeks, it has deposited 81,227 SOL tokens into the exchange, generating a profit of $2.326 million. These whale selling activities could put some pressure on the prices of SOL and JLP, investors need to closely monitor market dynamics and invest cautiously.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whale sells SOL and JLP, which may signal a bearish market.
Whale selling activity may lead to a decline in SOL and JLP prices.
Whales may be taking profits.
Whales may be engaging in arbitrage.