#Whale Sells SOL for Millions in Profit#
Hot Topic Overview
Overview
Recently, there are signs that a whale is reducing its holdings of SOL. The whale withdrew 86,777 SOL from Kraken and Coinbase eight months ago at an average price of $162.72, and has been depositing SOL to exchanges for the past three weeks, totalling 81,227 SOL. Eight hours ago, the whale deposited 50,227 SOL to Kraken, worth about $9.4 million, which would generate a profit of $1.227 million if sold. It is speculated that the whale has already profited $2.326 million from this reduction in holdings.
Ace Hot Topic Analysis
Analysis
Recently, there have been reports that a whale, known as 7qw9C...NbSZL, is suspected of reducing its holdings of SOL, which it had accumulated over eight months ago. Eight hours ago, the whale deposited 50,227 SOL, worth approximately $9.4 million, into the Kraken exchange. If this whale sells these SOL, it is expected to make a profit of $1.227 million. It is reported that between June and July 2024, the whale withdrew 86,777 SOL from the Kraken and Coinbase exchanges at an average price of $162.72. Over the past three weeks, the whale has deposited 81,227 SOL into exchanges, with a total profit of approximately $2.326 million. This event has raised concerns in the market about the price trend of SOL, with some analysts believing that the whale’s reduction in holdings could negatively impact the price of SOL.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whale sold SOL for millions of dollars in profit
The whale accumulated SOL 8 months ago and sold it recently for profit
The whale made the transaction on Kraken and Coinbase exchanges
The whale's sell-off may have an impact on the price of SOL