A whale staked 20,000 SOL to earn 466 staking rewards, experiencing a unrealized loss of $1.27 million due to price fluctuation, and has now deposited all funds into a centralized exchange (CEX).

BlockBeats News, January 19, according to lookonchain monitoring, whale address Ci8jH5 withdrew 20,000 SOL from Kraken 5 months ago (approximately $4.1 million at the time) and staked the tokens, during which they received a total of 466 SOL ($62,400) in staking rewards.

However, due to the decline in SOL's price, the 20,466 SOL they now hold is only worth about $2.83 million, resulting in an overall loss of approximately $1.27 million. 1 hour ago, the whale re-deposited all 20,466 SOL (approximately $2.83 million) back into Kraken.