The post Massive Whale Begins Profit-Selling After a Rally in This Altcoin appeared on BitcoinEthereumNews.com.

According to cryptocurrency onchain data, a large whale has started selling profits in Solana (SOL), which has been experiencing a recent rally. Data provided by Lookonchain reveals that the whale in question has made a profit in the recent period, selling a total of 265,070 SOL, or approximately $43.96 million. This massive crypto whale purchased 500,862 SOL at an average SOL price of $23.6 at the time, between August 7, 2023, and October 23, 2023, paying a total of $11.81 million. The current value of these assets is $84.14 million. The whale currently has a total of 132,089 JitoSOL ($24.72 million) and 126,631 SOL ($20.58 million) in assets, including previous purchases. JitoSOL represents Solana coins staked as a liquid staking derivative. The massive crypto whale has made a total of $87 million in profits from Solana to date, some of which still sits unrealized in his wallet. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/massive-whale-begins-profit-selling-after-a-rally-in-this-altcoin/

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Filed under: News - @ November 5, 2024 1:09 am