#Whale dumps SOL, making millions of dollars in profits.#
Hot Topic Overview
Overview
Recently, a whale address, 7qw9C...NbSZL, has been suspected of reducing its holdings of SOL, which it accumulated 8 months ago. 8 hours ago, it deposited 50227 SOL, worth about $9.4 million, to the Kraken exchange. If the whale sells these SOL, it is expected to make a profit of $1.227 million. According to reports, 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 exchanges in the past three weeks, for a total profit of approximately $2.326 million. This whale's reduction in holdings has sparked market attention on SOL price trends, reflecting a possible decline in market confidence in SOL.
Ace Hot Topic Analysis
Analysis
Recently, a whale has allegedly been offloading its SOL holdings accumulated eight months ago, transferring 50,227 SOL to Kraken exchange, valued at approximately $9.4 million. Analysis suggests the whale withdrew 86,777 SOL from Kraken and Coinbase between June and July 2024 at an average price of $162.72. Over the past three weeks, the whale has deposited 81,227 SOL to the exchange, and if sold entirely, is projected to generate a profit of $2.326 million. This offloading behavior has garnered market attention, with some analysts suggesting it might reflect the whale's cautious stance on SOL's future trajectory or a potential profit-taking strategy.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Giant whale reduces its holdings of SOL, earning millions of dollars, possibly accumulating SOL eight months ago and depositing it into exchanges in the past three weeks
Giant whale's reduction in holdings could lead to a decline in the price of SOL
Giant whale's reduction in holdings may be to realize profits
Giant whale's reduction in holdings may also be to make other investments