Staked, Waited, Lost: Whale Takes $3.11M Hit on SOL Return to Kraken

Fifteen hours ago, a whale moved 49,858 $SOL (worth $8.46M) back to Kraken—but not without pain.

Six months earlier, this same wallet (EvCxt6y2v2YxavMqgMF9UTdcDK7Q9FmaLXHJABBcSzFE) withdrew 48,185 SOL from Kraken when the price was around $240, totaling $11.58M, and staked it.

Despite earning 1,673 #sol in rewards (~$286K), the price drop led to a net loss of $3.11M.

A classic case where time in the market didn’t beat timing the market.