PANews reported on April 23 that on-chain analyst Yu Jin monitored that a whale transferred 39,015 SOL ($5.9 million) to Binance 40 minutes ago, which would result in a loss of $1.127 million if sold.
This portion of SOL was purchased at an average price of $180.32 during the Memecoin craze in February 2025 and has been staked in Marinade Finance; when SOL dropped to $105.5 in early April, the floating loss expanded to $2.92 million.
