Giant whale loses $3.11 million! Is SOL his 'on-chain blood letter'?
On-chain data shows that a giant whale deposited 49,858 SOL into Kraken 7 hours ago, worth about $8.46 million, with a paper loss of up to $3.11 million.
The details are even more heartbreaking: 6 months ago, this giant whale withdrew 48,185 SOL from Kraken at a price as high as $240, and earned 1,673 SOL (about $286,000) by staking it, but the price eventually collapsed, resulting in a loss of three million even after accounting for earnings!
Staking does not equal guaranteed profit, especially in the face of ruthless price trends. Does this wave of selling indicate that more storms are coming? SOL holders, it's time to fasten your seatbelts!
