TechFlow reports that on May 18, blockchain analytics platform Lookonchain (@lookonchain) observed trader GyBRmk recently selling 21,911 SOL—held for over two years—for approximately $1.85 million, resulting in a loss of roughly $1.05 million. According to records, the trader had previously accumulated 20,200 SOL at an average purchase price of about $144 per token (totaling approximately $2.91 million) and received an additional 1,711 SOL (worth around $145,000) as staking rewards, yet these rewards were insufficient to offset losses incurred from the decline in SOL’s price.
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