#Whale dumps SOL#
Hot Topic Overview
Overview
Recently, a whale has been suspected of reducing its holdings of SOL accumulated eight months ago. The whale address is 7qw9C...NbSZL, which deposited 50,227 SOL, worth about $9.4 million, to the Kraken exchange eight hours ago. If the whale chooses to sell, it is expected to make a profit of $1.227 million. It is reported that the whale withdrew 86,777 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 81,227 SOL to exchanges, accumulating a profit of $2.326 million.
Ace Hot Topic Analysis
Analysis
Recently, a whale has been suspected of reducing its holdings of SOL, which it had accumulated 8 months ago. The whale's address is 7qw9C...NbSZL, and it deposited 50,227 SOL, worth about $9.4 million, into the Kraken exchange 8 hours ago. If the whale chooses to sell these SOL, it is expected to profit $1.227 million. It is understood that the whale withdrew 86,777 SOL from Kraken and Coinbase exchanges between June and July 2024 at an average price of $162.72. Over the past three weeks, the whale has deposited 81,227 SOL into exchanges, accumulating a profit of $2.326 million. This whale's reduction in holdings has attracted market attention, and some analysts believe that this could signal downward pressure on the price of SOL.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A giant whale appears to be reducing its SOL holdings. It bought 50,227 SOL from Kraken 8 hours ago, which was accumulated 8 months ago. If sold, it would yield a profit of $1.227 million.
The whale withdrew 86,777 SOL from Kraken and Coinbase between June 7th and June 20th at an average price of $162.72. In the past three weeks, it has deposited 81,227 SOL to exchanges, gaining $2.326 million.
A whale's reduction in SOL holdings may have some impact on the price of SOL, but the specific extent of the impact is still unclear.
The whale's reduction in SOL holdings may be due to profit-taking or other investment strategies.