Solana whales begin offloading SOL amid $200M staking unlock

Solana Whales has emptied its distinctive symbols to make gains from the Stokeing game that started four years ago.

In April 2021, four whale addresses spoil 1.79 million Solana (Teller) The symbols, then worth about 37.7 million dollars. The class was opened on April 4, in what Arkham Intelligence called “The biggest day opening for Staped Sol”. The company noted that it is not expected to cancel the following similar lock until 2028.

At the time of canceling the lock, the value of the distinctive symbols was estimated at about $ 206 million, and it represents a 446 % profit of the initial enrollment period.

Solana whales sold approximately $ 50 million

After opening the symbols, the whales started foolish Their property. Arkham data shows that more than 420,000 Sol icons, at a value of $ 50 million, are not separated due to the four Solana wallets at the time of writing this report.

After canceling the lock, Blockchain Lookonchain Analysis Company He said Whales began to empty her money. One portfolio address was approximately 260,000 Sol code, at a value of more than $ 30 million. Other governors sold about $ 16 million in Seoul.

Arkham data shows that the four portfolios still have about 1.38 million Sol icons of approximately $ 160 million.

Sol Unlock has followed a significant decrease in the distinctive code prices since April 2. Coingecko data shows that on April 2, Sol reached $ 131.11. At the time of writing this report, Solana was trading at $ 114.66, a 12 % decrease in two days.

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FTX governor is not counterfeit $ 431 million in Seoul

The unstable event by four whale portfolios follows another large lock, by Crypto Exchango FTX and its trading arm, Alaameda Research.

On March 4, FTX Governor and Alameeda Do not cover more than 3 million Solana icons At a value of about $ 431 million. This event was the largest opening in FTX since I started selling icons in November 2023.

Data from the series of the series analysis on the series shows that since November 2023, the bankrupt Crypto Exchang 7.83 million code has not been turned off. Assets were sold for $ 986 million at an average price of 125.80 dollars per Sol.

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