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That mysterious whale who got 991,000 SOL four years ago has made another move.
Just 20 minutes ago, this guy dumped 100,000 SOL into a major exchange, worth $13.57 million. Fast and aggressive.
Looking back at these moves: in the 8 months since the April unlock, he has transferred out a total of 615,000 SOL in batches, cashing out $107 million in total, with an average selling price of $175. Classic veteran style—neither greedy nor panicked, just steadily securing profits.
He’s still holding 733,000 SOL, currently worth about $99.16 million. Even more impressive, he’s earned 357,000 SOL in staking rewards over these four and a half years. Retail investors really can’t compete with this level of passive income.
With such a large sell-off, the market will need some time to absorb it.