According to crypto tracker Lookonchain, a whale wallet sold Solana (SOL) for nearly $100 million this year.
Look at chain speculates that could be the unknown wallet of an institution.
The crypto tracker notes that he has earned an average of 19,306 SOL worth $2.76 million every week since the beginning of 2024.
That amounts to a total of 695,000 SOL worth $99.5 million for the year. The whale still has 1.88 million SOL worth $237.68 million staked, according to Solana blockchain tracker Solscan.io.
SOL is trading at $126.28 at the time of writing. The fifth-largest crypto asset by market capitalization has fallen 7% in the past 24 hours.
Also take a look at Chain notes that a separate, unknown whale wallet recently withdrew 1,100 Bitcoin (BTC) worth $64.26 million from a popular wallet linked to top crypto exchange Binance.
BTC is trading at $56,729 at the time of writing, down almost 5% on the day.
The blockchain monitor too spotted an early investor in the decentralized finance (DeFi) protocol Aave (AAVE) who suffered a huge loss after holding for as much as three years.
“An early AAVE holder sold all 17,447 AAVE ($2.16 million) [hours ago]where we lost $2.14 million!
This whale bought 17,447 AAVE ($4.3 million) from Binance on March 28, 2021 and June 12, 2023 at an average price of $246.”
At the time of writing, AAVE is worth $123.03, down almost 9% in the past day.
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Generated image: DALLE3