Giant Whale Removes Popular Altcoin from 4-Year Staking, Starts Selling! Profits Are Astonishing!

One of the altcoins that fell the most in the decline in Bitcoin (BTC) and altcoins was Solana ($SOL).

However, it was also one of the best performers in the recovery. Whales that took advantage of this recovery in Solana also became active.

According to Lookonchain’s post, a whale with around 1 million $SOL tokens has made more than $153 million in profits after four years of staking on Solana.

Accordingly, this whale bought about 1 million Solana in 2021. At that time, these $SOL tokens were worth only $27 million.

The whale staked the $SOL tokens he received and made a huge profit in 4 years.

Following the huge profit, the giant whale began unloading some of its $SOL stock to cash in on its gains.

At this point, the whale unstakes 100,000 $SOL tokens (worth around $14 million) and sends them to Binance. Sending tokens to a crypto exchange usually indicates an intention to sell.

According to Lookonchain, the whale still has 1.19 million Solana tokens, worth around $166 million. Since the giant whale spent $27 million on $SOL, the total unrealized profit for the address is around $153 million.

“After 4 years of staking, this whale cancelled his stake of over 100k $SOL (worth $13.9m) 2 hours ago and deposited it into his Binance account.

At the time, he had deposited 991,079 $SOL for $27 million.

He currently has 1.19M $SOL (worth $166.37 million) of shares outstanding and his total profit is over $153 million.”

*This is not investment advice.