#Whale dumps SOL for $1.22 million profit#

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Overview

Recently, a whale is suspected of reducing its holdings of SOL accumulated 8 months ago, and deposited 50227 SOL, worth approximately $9.4 million, to Kraken exchange 8 hours ago. If the whale chooses to sell, it is expected to make a profit of $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, and has deposited 81227 SOL to the exchange in the past three weeks, accumulating a total profit of $2.326 million.

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Analysis

Recently, a whale has been suspected of reducing its holdings of SOL, which it had accumulated eight months ago. The whale deposited 50,227 SOL to the Kraken exchange eight hours ago, valued at approximately $9.4 million. If the whale sells these SOL, 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, and has deposited 81,227 SOL back to the exchange over the past three weeks, making a total profit of $2.326 million. This behavior is considered to be a whale reducing its holdings for profit, and it could have a certain impact on the price of SOL.

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Giant whale suspected of selling SOL accumulated 8 months ago, making a profit of $1.227 million

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Giant whale has deposited 81,227 SOL to the exchange in the past three weeks, making a profit of $2.326 million

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Giant whale may sell SOL in the near future, leading to a decline in SOL price

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Giant whale's selling behavior may reflect a bearish sentiment on the future price of SOL

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