A whale staked 20,000 SOL tokens, earning 466 staking rewards, but incurred a floating loss of $1.27 million due to the token price. The entire amount has now been deposited into a CEX.

On January 19, according to lookonchain monitoring, the whale address Ci8jH5 withdrew 20,000 SOL (worth approximately $4.1 million at the time) from Kraken 5 months ago and staked it, during which time it earned a total of 466 SOL (approximately $62,400) in staking rewards.

However, due to the drop in SOL price, its current holdings of 20,466 SOL are worth only about $2.83 million, resulting in an overall loss of about $1.27 million. One hour ago, the whale deposited all 20,466 SOL (about $2.83 million) back into Kraken.