#Whale dumps SOL, profits over $2 million.#
Hot Topic Overview
Overview
Recently, the whale 7qw9C...NbSZL has allegedly been reducing its holdings of SOL, which it had been accumulating for 8 months. Eight hours ago, it deposited 50227 SOL, worth approximately $9.4 million, into the Kraken exchange. If sold, the whale would profit by $1.227 million. It is understood that the whale withdrew 86777 SOL from Kraken and Coinbase between June and July 2024 at an average price of $162.72. In the past three weeks, it has deposited 81227 SOL into exchanges, accumulating a total profit of $2.326 million.
Ace Hot Topic Analysis
Analysis
Recently, a whale address 7qw9C...NbSZL was found to be potentially reducing its holdings of SOL, which it had accumulated 8 months ago. The whale deposited 50227 SOL, worth approximately $9.4 million, to the Kraken exchange 8 hours ago. If the whale chooses to sell these SOL, it is expected to gain a profit of $1.227 million. It is reported that the whale withdrew 86777 SOL from Kraken and Coinbase between June and July 2024 at an average price of $162.72. In the past three weeks, the whale has deposited 81227 SOL to the exchange, with a total profit of $2.326 million. This move has sparked market concerns about the price trend of SOL, and some analysts believe that the whale's reduction in holdings may signal downward pressure on the price of SOL.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whale sell-off of SOL could lead to a decline in SOL price.
Whale sell-off of SOL may signal a bearish market sentiment.
Whale sell-off of SOL could lead to a decrease in market liquidity.
Whale sell-off of SOL could lead to increased volatility in SOL price.