#Whale dumps SOL, cashing out millions of dollars#
Hot Topic Overview
Overview
Recently, a whale has been suspected of reducing its holdings of SOL and taking profits in the millions of dollars. According to monitoring, the whale sold 906,792 JLP in the past 20 hours at an average price of $4.18, earning $3.79 million in USDC. In addition, the whale topped up Kraken with 50227 SOL, worth $9.4 million, 8 hours ago. If sold, it will earn a profit of $1.227 million. The whale withdrew 86777 SOL from Kraken and Coinbase between June and July 2024 at an average price of $162.72. In the past three weeks, it has topped up exchanges with 81227 SOL, earning a profit of $2.326 million. These actions indicate that the whale may be reducing its holdings of SOL and taking profits.
Ace Hot Topic Analysis
Analysis
Recently, there have been reports of whales potentially reducing their holdings of SOL and cashing out millions of dollars. According to Onchain Lens, a whale sold 906,792 JLP tokens 20 hours ago at an average price of $4.18, receiving $3.79 million in USDC. Additionally, a giant whale, 7qw9C...NbSZL, is suspected of reducing its holdings of SOL accumulated eight months ago. This whale deposited 50227 SOL ($9.4 million) to Kraken 8 hours ago. If sold, this would result in a profit of $1.227 million. The whale withdrew 86777 SOL from Kraken and Coinbase between June and July 2024 at an average price of $162.72. In the past three weeks, they have deposited 81227 SOL back to exchanges, making a profit of $2.326 million. These whale actions have raised concerns about the future price of SOL, but some analysts believe these are normal operations and do not necessarily signify a significant drop in SOL prices.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whale reduction of SOL may signal a bearish market sentiment.
Whales may be taking profits at a high price.
Whale reduction of SOL may lead to a decline in the price of SOL.
Whale reduction of SOL may trigger market panic.