Solana, which performed well despite its relationship with the collapsed cryptocurrency exchange FTX and its founder Sam Bankman-Fried, experienced a tremendous rise in 2023.
SOL, which was literally reborn, has increased by up to 1000% since January 2023 and has experienced a sharp increase since October.
At this point, Solana continues to be traded at $101 at the time of writing, while rising up to $126.
While Solana achieved these increases, the whales did not remain idle. Whales made millions of dollars by taking advantage of the rise and fall in SOL.
According to Lookonchain's post, a smart whale is selling profits and deposited 303,756 SOL worth $32.8 million into Binance.
This whale purchased 423,754 SOLs worth $28.18 million from Binance in the last month at an average price of $66.5.
The whale still has 119,998 staked SOL (worth $12.44 million) and his profit exceeds $17 million.
“A whale deposited 303,756 SOL ($32.8 million worth) on Binance today and is likely selling it for a profit.
Whale withdrew 423,754 SOL ($28.18 million worth) from Binance at $66.5 in the last month.
And there are still 119,998 staked SOL (worth $12.44 million) and its profits exceed $17 million!
This whale also bought 19,704 SOL (valued at $394K) on Binance at $20 on September 29th and then deposited it to Binance on November 8th and sold it at $43, making $453K (+115%).”
A whale deposited 303,756 $SOL($32.8M) to #Binance today, possibly selling it for profit.
The whale withdrew 423,754 $SOL($28.18M) at $66.5 from #Binance in the past 1 month.
And still has 119,998 $SOL ($12.44M) staked, the profit exceeding $17M!
This whale also withdrew… pic.twitter.com/Sptfj7uUIa
— Lookonchain (@lookonchain) December 28, 2023
*This is not investment advice.
