Data: A whale/institution redeemed 100,000 SOL from Solana staking and transferred it to Binance, with a four-year floating profit of US$153.5 million

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According to ChainCatcher, on-chain analyst Ember (@EmberCN) monitored that an address holding a large amount of Solana has redeemed 100,000 SOL (approximately $13.9 million) from staking and transferred it to Binance exchange.

The address staked 991,000 SOL 4 years ago and has accumulated 300,000 SOL in staking rewards during this period. Currently, the address still has 1.191 million SOL (approximately $167 million) in staking.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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