#Whale Dumps SOL, Making Millions in Profit#
Hot Topic Overview
Overview
Recently, a whale has been suspected of reducing its holdings of SOL accumulated 8 months ago and deposited 50,227 SOL, worth approximately $9.4 million, to the Kraken exchange 8 hours ago. If the whale sells these SOL, it is estimated 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 deposited 81,227 SOL to the exchange in the past three weeks, resulting in a total profit of $2.326 million.
Ace Hot Topic Analysis
Analysis
Recently, a whale address 7qw9C...NbSZL is suspected of reducing its holdings of SOL, which it had accumulated eight months ago. Eight hours ago, it transferred 50227 SOL to Kraken exchange, worth approximately $9.4 million. If the whale sells these SOL, it is expected to make a profit of $1.227 million. It is reported that the whale withdrew 86777 SOL from Kraken and Coinbase exchanges between June and July 2024, at an average price of $162.72. In the past three weeks, the whale has transferred 81227 SOL to exchanges, accumulating a profit of $2.326 million. This event has sparked market concerns about the price trend of SOL. Some analysts believe that the whale's reduction in holdings may signal downward pressure on the price of SOL in the short term.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whale reduces SOL holdings, profits millions of dollars
The whale accumulated SOL at a lower price eight months ago and sold it at a higher price recently, making a handsome profit
The whale deposited SOL into Kraken exchange, which may indicate an upcoming sale
Whale's reduction in holdings may have some impact on the SOL price