#Whale dumps SOL#
Hot Topic Overview
Overview
Recently, a whale is suspected of reducing its holdings of SOL accumulated eight months ago. The whale account 7qw9C...NbSZL deposited 50,227 SOL, worth approximately $9.4 million, to Kraken exchange eight hours ago. If the whale sells these SOL, it is expected to profit $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, there have been reports that a whale with the address 7qw9C...NbSZL is suspected of reducing its holdings of SOL, which it had accumulated eight months ago. The whale deposited 50,227 SOL, worth approximately $9.4 million, to Kraken eight hours ago. If sold, it is expected to make a profit of $1.227 million. It is understood 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 total profit of $2.326 million. This move has raised concerns in the market about the price trend of SOL. Some analysts believe that the whale's reduction in holdings could have a negative impact on the price of SOL. However, other analysts believe that the whale's reduction in holdings could be for profit-taking purposes and does not necessarily indicate a bearish sentiment towards SOL. The price trend of SOL remains to be observed.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A whale is suspected to be reducing its SOL holdings. The SOL it accumulated 8 months ago has recently been deposited to exchanges, potentially resulting in millions of dollars in profits.
The whale's reduction in holdings could have a negative impact on the price of SOL, causing it to decline.
The whale's reduction in holdings may be based on concerns about the future prospects of SOL or a desire to take profits.
The whale's reduction in holdings is worth watching, as it may signal a change in market trends.