Massive Whale Begins Profit-Selling After a Rally in This Altcoin

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Bitcoinsistemi2024/11/04 23:55

By:Mete Demiralp

According to Onchain data, a massive crypto whale started selling after a rally in an altcoin.

According to cryptocurrency onchain data, a large whale has started selling profits in Solana (SOL), which has been experiencing a recent rally.

Data provided by Lookonchain reveals that the whale in question has made a profit in the recent period, selling a total of 265,070 SOL, or approximately $43.96 million.

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This massive crypto whale purchased 500,862 SOL at an average SOL price of $23.6 at the time, between August 7, 2023, and October 23, 2023, paying a total of $11.81 million. The current value of these assets is $84.14 million.

The whale currently has a total of 132,089 JitoSOL ($24.72 million) and 126,631 SOL ($20.58 million) in assets, including previous purchases. JitoSOL represents Solana coins staked as a liquid staking derivative.

The massive crypto whale has made a total of $87 million in profits from Solana to date, some of which still sits unrealized in his wallet.

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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