A whale has undelegated 30,000 SOL, approximately $4.15 million

BlockBeats News: On March 27, according to Onchain Lens monitoring, a whale unstaked 30,000 SOL (worth $4.15 million) from the Drift Protocol and deposited the above tokens along with 11.97 million USDC into Binance. The whale suffered a $1.24 million unrealized loss on SOL holdings.

Source

Correction/Report

RelatedRecommended

VanEck: Why did we apply for the SOL ETF?

SOL may reach $3,211 per coin in 2030

Opinion: Why is a SOL ETF so Hard to Come By?

Given SOL's current market cap and circulation, it's probably going to be tough for these institutions to make money.

From Leading to Lagging: Why SOL Struggles to Keep Up with ETH's Momentum

The True Reasons for SOL Lagging Behind ETH: Treasury Strategy, ETF, and Narrative Gap

What's the Background of the 18 SOL Treasury Companies?

18 companies have participated in the Solana ecosystem by establishing a Solana Treasury, staking SOL tokens, launching Solana-based financial strategies, among other means. Some companies have seen a significant increase in their stock price through these strategies.

SOL Truth: 0.33% of Wallets Control 54% of Tokens, Lockup and Staking Mysteries Unresolved

Where Do SOL Whales Hide?

On-Chain Activity