Solana address with more than a million symbols sit on more than $ 153 million of profit after playing for four years on encryption assets.
Blockchain Lookonchain Analysis Company A mark has been placed The whale wallet address that raises nearly a million Solana symbols in 2021. At the time of dodging, the value of Solana symbols was about 27 dollars, which means that the trader spent about 27 million dollars to carry out the play.
Four years later, the total whale of Solana Solana Holding reached 1.29 million. As Solana estimated about $ 140, the value of whale possesses increased to about $ 180 million.
On April 22, the whale began to empty part of the symbolic hideout to become the gains. Lookonchain reported that the whale did not fade 100,000 Sol code (about $ 14 million) and sent it to Binance. Sending symbols often indicates the exchange of encryption to the intention of selling.
Loconchin said the whale still has 1.19 million Solana, at a value of about $ 166 million. Since the trader spent $ 27 million on the play, the total unreasonable profit for the title is about $ 153 million.
Solana whales turn to $ 37 million to $ 200 million in playing for four years
Solana’s discharge process follows the distinguished symbol whale another Solana play, which included hundreds of millions earlier in April.
On April 4, Arkham Intelligence Data showed four portfolios that collected $ 37 million of symbols in 2021, when the codes were lock, which means that they can cancel and sell them. The Blockchain Intelligence platform described the event as “the largest opening of Staped Sol”.
While opening, the distinctive codes value reached more than $ 206 million. After opening the symbols, about $ 50 million of symbols were sold.
Related to: Babylon’s total decrease by 32 % as a portfolio of up to $ 1.2 billion in Bitcoin
Solana turns briefly ethereum on the ceiling of the market
Since many whales have turned into Solana for the plays, the network has turned shortly from ETHEREUM in the maximum Stokeing Market. On April 20, Blockchain outperformed Ethereum in a severe symbolic value after reaching more than $ 53 billion. However, the event is short -term as Ethereum regained first place.
Although the event may seem optimistic, community members have been divided on whether Solana outperforms ethereum bullish or declining for the network.
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