#Whale dumps SOL for millions in profit.#
Hot Topic Overview
Overview
Recently, a whale known as 7qw9C...NbSZL is suspected to have reduced its holdings of SOL, which it had accumulated eight months ago. The whale deposited 50,227 SOL, worth approximately $9.4 million, into the Kraken exchange eight hours ago. If this whale chooses to sell these SOL, it is estimated 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 back into exchanges in the past three weeks, resulting in a total profit of $2.326 million. This event has raised concerns about the price trend of SOL in the market, and investors are closely watching the whale's next move.
Ace Hot Topic Analysis
Analysis
Recently, there have been reports that the whale 7qw9C...NbSZL may be reducing its holdings of SOL, which it accumulated eight months ago. Eight hours ago, the whale deposited 50,227 SOL into Kraken, worth approximately $9.4 million. If the whale were to sell these SOL, it is estimated that it would make a profit of $1.227 million. It is known 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, it has deposited 81,227 SOL back into exchanges, resulting in a total profit of $2.326 million.This event has sparked concerns in the market about the price trend of SOL. Some analysts believe that the whale's reduction in holdings could lead to a decline in the price of SOL. However, other analysts believe that the whale's actions do not necessarily mean that the price of SOL will fall, as there are other factors that can influence the price of SOL.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Giant whale reduces SOL position, making millions of dollars
The giant whale has been accumulating SOL for the past 8 months and has deposited a large amount of SOL to exchanges over the past three weeks
The giant whale may sell SOL in the near future, making a profit of approximately $1.227 million
The giant whale's reduction in position may have a certain impact on the price of SOL