#Whale Dumps SOL for Millions in Profit#
Hot Topic Overview
Overview
Recently, a whale with the address 7qw9C...NbSZL has been suspected of unloading its SOL holdings accumulated 8 months ago. 8 hours ago, it deposited 50,227 SOL worth approximately $9.4 million to the Kraken exchange. 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, and has deposited 81,227 SOL to the exchange over the past three weeks, accumulating a profit of $2.326 million.
Ace Hot Topic Analysis
Analysis
Recently, a whale known as 7qw9C...NbSZL is suspected of offloading its SOL holdings accumulated eight months ago. The whale deposited 50,227 SOL, worth approximately $9.4 million, to Kraken exchange eight hours ago. If the whale chooses to sell these SOL, it is estimated 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 profit of $2.326 million. This behavior has sparked market concerns about the price trend of SOL. Some analysts believe that the whale offloading could negatively impact the price of SOL to some extent.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Giant whale reduced its SOL position, realizing millions in profit, suggesting they may have accumulated SOL at a low price 8 months ago and sold it at a high price recently.
The whale deposited SOL into Kraken exchange, possibly indicating an intention to sell SOL, leading to a potential decline in SOL price.
The whale withdrew 86777 SOL from Kraken and Coinbase between June and July 2024 at an average price of $162.72, and deposited 81227 SOL back to the exchange within the last three weeks, realizing a profit of $2.326 million.
The whale's reduction of SOL holdings could negatively impact SOL price, investors should closely monitor market developments.