#Whale dumps SOL, making over $1 million in profit.#
Hot Topic Overview
Overview
Recently, a whale is suspected to be unloading its SOL holdings, accumulated over 8 months ago. The whale deposited 50,227 SOL, worth approximately $9.4 million, to Kraken 8 hours ago. If sold, it is estimated to generate a profit of $1.227 million. Between June and July 2024, the whale withdrew 86,777 SOL from Kraken and Coinbase at an average price of $162.72. In the past three weeks, the whale has deposited 81,227 SOL back to exchanges, resulting in a total profit of approximately $2.326 million. This move has raised market concerns about the price trend of SOL and reflects a decline in investor confidence in the asset.
Ace Hot Topic Analysis
Analysis
Recently, a whale has been suspected of reducing its holdings of SOL, which it had accumulated eight months ago, and has made a profit of over $1 million. The whale address is 7qw9C...NbSZL, and it deposited 50,227 SOL, worth approximately $9.4 million, to the Kraken exchange 8 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 exchanges 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, generating a total profit of $2.326 million. This event has sparked market concerns about the price trend of SOL, and some analysts believe that the whale's reduction in holdings may signal a potential pullback in the price of SOL.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whale dumps SOL, raking in over a million dollars
The whale accumulated SOL over the past 8 months and began offloading in recent weeks
The whale conducted the sell-off through Kraken and Coinbase exchanges
Whale's dumping activity may have some impact on SOL's price