Solana

<p>A whale or institution has recently made notable moves in the <a href="https://blockchainreporter.net/price-prediction/solana-price-prediction/" rel="noopener noreferrer nofollow">Solana (SOL)</a> market. Two days ago, this whale unstaked and withdrew 139,532 SOL tokens. The value of these tokens was approximately $19.5 million, according to data from Lookonchain. This massive withdrawal shows that the whale has a big stake in the cryptocurrency and it could manipulate the market.</p><h2 id="header-0">Large Solana Whale Transactions Show Market Shifts and $5.5M Loss</h2><p>After this withdrawal, the whale again transferred 139,447 SOL which amounted to $19.5 million, into Binance. All these transactions took place within the last two days and incurred a loss of $5.5 million. This means pouring such a large sum at a loss proves the unpredictability of the cryptocurrency market movement.</p><p>Notably, a similar whale made another withdrawal of 138,894 SOL from Binance on July 22, at a much higher SOL price of $180 per token. At that time, the withdrawal was equal to $25 million, and this does not seem to be closely related to the current SOL token valuation. Possible, the whale’s recent actions point to change of tact or a reaction to the price drop in Solana.</p><h2 id="header-1">Whale’s Loss Sheds Light on Issues in Large-Scale Crypto Trading</h2><p>Many have noted that the great loss faced by a whale has led to increased attention to the issues related to large-scale trading in digital assets. These transactions also explain how market leaders can influence the market especially during fluctuations.</p><p>This whale’s activity has been closely observed by <a href="https://lookonchain.com/" rel="noopener noreferrer nofollow">Lookonchain</a>. It provides insight into the difficulties faced by major investors in a volatile market.</p>

Solana Whale Unstakes $19.5M in SOL, Faces Loss

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