TechFlow, May 16 — According to on-chain analytics platform Lookonchain (@lookonchain), a wallet address deposited approximately 49,858 SOL (worth about $8.46 million) to the Kraken exchange roughly seven hours ago.
The same address had withdrawn 48,185 SOL (worth about $11.58 million at the time) from Kraken at a price of $240 per SOL six months ago and subsequently staked them. During this period, it earned 1,673 SOL (approximately $286,000) in staking rewards. However, due to the decline in SOL’s price, the position currently shows an unrealized loss of about $3.11 million.
Add to Favorites
Share to Social Media
