The post Whale Transfers 92,751 SOL to Binance, Realizing $3.3 Million Profit Amid Market Surge appeared on BitcoinEthereumNews.com.

According to recent findings from on-chain analyst Yu Jin, significant activity was recorded on October 31, when a cryptocurrency whale executed a transfer of 92,751 SOL, equivalent to US$16.34 million, to Binance. This transaction enabled the whale to realize a substantial profit of US$3.3 million. Earlier in May, this same entity had withdrawn 89,487 SOL from Binance for US$13.04 million, utilizing an average price point of US$146. These assets were subsequently staked across multiple accounts, with the harvested SOL being redeemed and moved to a separate address just a month prior to the recent transfer. Notably, the price appreciation of SOL also contributed to the overall gains, complemented by an additional income of 3,264 SOL accrued from staking. Collectively, the whale’s strategic maneuvers yielded impressive returns, underscoring the dynamic nature of the cryptocurrency market. Source: https://en.coinotag.com/breakingnews/whale-transfers-92751-sol-to-binance-realizing-3-3-million-profit-amid-market-surge/

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Filed under: News - @ October 31, 2024 2:25 am