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Crypto Whale Sells 32,195 SOL at a $2.04M Loss After 10 Months of Staking

Crypto Whale Sells 32,195 SOL at a $2.04M Loss After 10 Months of Staking

A major crypto whale’s leveraged short of 455,000 SOL now yields $13.62M unrealized profit, following a substantial loss from recent SOL sales.

SOL

Fact Check
The assessment is based on strong, consistent evidence from multiple credible sources. The core of the claim originates from Lookonchain, a reputable on-chain analytics service that serves as a primary source for this type of information. Its findings are directly and precisely corroborated by two independent news reports (Blockchain.news and Phemex News). These secondary sources repeat the specific details of the transaction: the sale of 32,195 SOL, a realized loss of $2.04 million, a 10-month staking period, and even the specific wallet address involved (GJwCUj). The high degree of specificity and consistency across these sources significantly increases the statement's credibility.Furthermore, the existence of other high-authority blockchain analytics firms like Arkham and Glassnode confirms that the methodology for tracking such transactions and calculating profit/loss is well-established and reliable. While several provided sources were irrelevant (general market commentary, Reddit discussions, or had mismatched summaries), they did not offer any contradictory evidence. The relevant, high-authority sources are in complete agreement, providing a solid foundation for concluding the statement is true.
Summary

A prominent crypto whale sold 32,195 Solana (SOL) for $4.18 million, incurring a $2.04 million loss after a 10-month hold. Shortly after, the whale shorted 455,000 SOL at $165.5 with 20x leverage — a $61.77 million position — currently showing $13.62 million in unrealized gains, according to on-chain analyst Ember. The whale previously gained $8.15 million from a 400,000 SOL sale two years ago, although missing a potential $82 million profit as prices continued rising.

Terms & Concepts
  • SOL (Solana): The native cryptocurrency of the Solana blockchain, used for transaction fees, staking, and decentralized applications.
  • Whale: A term for an individual or entity that holds large amounts of a cryptocurrency, capable of influencing market prices.
  • Leverage: The use of borrowed funds to increase the potential return of an investment, often expressed as a multiple such as 20x.