Behold! The illustrious Solana whales, those grandiose creatures of the digital deep, have commenced a grand procession of divestiture! 🎭 Following an unlocking spectacle of epic proportions on the4th day of April, in the year of our Lord2025, these majestic beings, having staked a princely sum of1.79 million SOL tokens back in April2021, now partake in a most extravagant financial frolic.
Once upon a time, those tokens were mere trinkets, valued at a paltry $37.7 million. But lo! The sands of time have shifted, and the value hath soared to a staggering $206 million, a veritable446% augmentation. Arkham Intelligence, that venerable institution of digital lore, proclaims this the “largest single-day unlock of staked SOL,” and assures us that such a spectacle shall not grace our presence again until the year2028.
And thus, with tokens unshackled, the whales, in their infinite wisdom (or perhaps folly), proceed to divest themselves of over420,000 SOL tokens, a sum equating to approximately $50 million. A solitary wallet, in a display of grandeur, offloads close to260,000 SOL tokens for a princely $30 million, while its companions dispense with their holdings for a mere $16 million. Yet, even as they part with their treasures, these whales retain a veritable hoard of1.38 million SOL tokens, a fortune valued at about $160 million at current market whimsy.
Amidst this fiscal fanfare, SOL, that once-proud token, experiences a precipitous descent. From a lofty $131.11 on April2, it plunges a staggering12% to $114.66 within but two days. This decline, whilst adding intrigue to the whales’ monetary machinations, sees a modest6% recovery today, trading hands at $120. The market cap, too, swells by6%, though trading volume recedes by40% to a mere $4.2 billion.
This aquatic exodus follows in the wake of a similar spectacle in March, wherein the ill-fated FTX and its shadowy counterpart, Alameda Research, unlocked over3 million SOL tokens, a treasure trove worth approximately $431 million. Since November2023, FTX hath unstaked7.83 million SOL tokens, amassing sales nearing $986 million, at an average price of $125.80 per SOL. Truly, in the realm of crypto, the whales doth make waves that ripple through the digital seas! 🌊
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2025-04-04 19:01