#Whale dumps SOL for millions in profit#
Hot Topic Overview
Overview
Recently, a whale has allegedly been reducing its holdings of SOL that it accumulated eight months ago, netting millions of dollars in profits. The whale account, 7qw9C...NbSZL, deposited 50,227 SOL, worth approximately $9.4 million, to Kraken exchange eight hours ago. If this whale chooses to sell these SOL, it is projected to generate 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 deposited 81,227 SOL to the exchange in the last three weeks, accumulating a total profit of $2.326 million.
Ace Hot Topic Analysis
Analysis
Recently, there have been reports that the whale 7qw9C...NbSZL is suspected of reducing its holdings of SOL, which it had accumulated 8 months ago. The whale deposited 50,227 SOL, worth approximately $9.4 million, into Kraken 8 hours ago. If the whale sells these SOL, it is expected 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, and has deposited 81,227 SOL into exchanges in the past three weeks, for a total profit of $2.326 million. This event has sparked market interest in the price trend of SOL. Some analysts believe that the whale's reduction in holdings may signal a potential pullback in SOL prices, while others argue that the whale's actions are likely for profit-taking purposes and will not have a substantial impact on SOL prices. Currently, the price of SOL remains volatile, and market sentiment is cautious.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A whale sold off SOL for millions in profit, suspected of accumulating SOL at a low price 8 months ago, and deposited a large amount of SOL to exchanges in the past three weeks, making a huge profit.
The whale's selling behavior may have some impact on the price of SOL, investors need to carefully observe market movements.
The whale's sell-off may be based on a judgment of the market outlook, or it may be for profit-taking.
The whale sell-off event has once again raised market concerns about the volatility of SOL prices, investors need to pay attention to risk control.