#Whale dumps SOL#
Hot Topic Overview
Overview
Recently, a whale has been suspected of reducing its holdings of SOL accumulated eight months ago. The whale, 7qw9C...NbSZL, deposited 50,227 SOL, worth approximately $9.4 million, into the Kraken exchange eight hours ago. If sold, it would generate a profit of $1.227 million. Previously, 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 into exchanges, accumulating a total profit of $2.326 million.
Ace Hot Topic Analysis
Analysis
Recently, a whale has been suspected of reducing its holdings of SOL, which it had accumulated 8 months ago. This whale address, 7qw9C...NbSZL, 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 by $1.227 million. It is understood that this 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 into the exchange, generating a total profit of $2.326 million. This move has raised market concerns about the price trend of SOL, and some analysts believe that the whale's reduction of holdings could foreshadow a correction in the SOL price.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whale reducing SOL holdings may lead to price drop
Whale reducing SOL holdings may be for profit taking
Whale reducing SOL holdings may be for cashing out
Whale reducing SOL holdings may be due to bearish outlook on SOL's future