A whale sold 100,000 SOLs, suspected to be used to repay loans

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On April 9, according to lookonchain monitoring, a whale holding 1.32 million SOL (worth $192 million) sold 100,000 SOL (worth $10.7 million) in the past hour.

15 days ago, this whale unstaked 1.32 million SOL, deposited 1.2 million SOL into Kamino, and borrowed 20 million USDC. This operation is likely to sell SOL to repay the loan.

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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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