【Blockchain Rhythm】On-chain data shows that a whale address withdrew 20,000 SOL from a major exchange five months ago (worth approximately $4.1 million at the time), and then staked the tokens. During this period, the staking yielded 466 SOL, equivalent to about $62,400.
However, the story took a quick turn. Due to the continuous decline in SOL’s price, the 20,466 SOL held by this whale is now worth only about $2.83 million, a loss of approximately $1.27 million from the initial withdrawal. Although the staking rewards are still considerable, they couldn’t withstand the impact of the falling token price.
Interestingly, just an hour ago, this whale made a decision—to move all 20,466 SOL (about $2.83 million) back to the exchange. This could indicate a change in attitude towards the market or a search for other investment allocations. From withdrawing for staking to re-depositing, this cycle reflects both the on-chain liquidity dynamics and the real-time decision-making of crypto investors amid price fluctuations.
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FlashLoanLord
· 16h ago
Staking yield of 60,000? Laughable, directly losing 1,270,000. This is the daily routine of big players. Making a lonely profit, yet getting hammered by the coin price. No wonder they're rushing to dump on the exchange.
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SchroedingerMiner
· 16h ago
No matter how high the staking rewards are, they can't compare to the price crash. Stay sober, brother.
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PortfolioAlert
· 16h ago
Staking earnings of 60,000 compared to a loss of 1,270,000—this difference is not just a little... When the coin price crashes, everything becomes pointless. No wonder they withdrew directly.
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LeverageAddict
· 16h ago
Staking 60,000 and earning but losing 1,270,000, this deal is really incredible... I think, rather than fussing over that little staking profit, it's better to cash out early. This guy is quite smart.
SOL Whale's 5-Month Staking Journey: Earned 60,000 in profit but lost 1,270,000, just withdrew everything
【Blockchain Rhythm】On-chain data shows that a whale address withdrew 20,000 SOL from a major exchange five months ago (worth approximately $4.1 million at the time), and then staked the tokens. During this period, the staking yielded 466 SOL, equivalent to about $62,400.
However, the story took a quick turn. Due to the continuous decline in SOL’s price, the 20,466 SOL held by this whale is now worth only about $2.83 million, a loss of approximately $1.27 million from the initial withdrawal. Although the staking rewards are still considerable, they couldn’t withstand the impact of the falling token price.
Interestingly, just an hour ago, this whale made a decision—to move all 20,466 SOL (about $2.83 million) back to the exchange. This could indicate a change in attitude towards the market or a search for other investment allocations. From withdrawing for staking to re-depositing, this cycle reflects both the on-chain liquidity dynamics and the real-time decision-making of crypto investors amid price fluctuations.