A giant whale has lost 30 million but continues to aggressively increase its SOL holdings! Is this a bottom signal or a dangerous trap? Retail investors should not follow blindly!
I just saw a shocking piece of news, a mysterious giant whale has withdrawn nearly 50,000 SOL from OKX, worth over 6 million dollars, and has staked it all. This is not the first time they have done this - from the end of August until now, they have staked a total of 1.23 million SOL, worth nearly 186 million dollars!
But here’s the key point: this batch of SOL is now only worth about 155 million dollars in the market, resulting in a paper loss of 30.4 million dollars!
With such a huge loss, why do they continue to buy? In my opinion, this kind of “buying more as prices fall” is likely a long-term strategy by the whale, unconcerned with short-term fluctuations, betting on the future ecological explosion of SOL. But for ordinary retail investors, do not follow blindly! The whale can afford the loss, but you may not be able to withstand it.
The current market sentiment remains weak; although large staking has reduced liquidity, it does not mean prices will rise immediately. If you already hold SOL, hold it tight and don’t easily cut losses; if you want to buy the dip, make sure to enter in batches and control your position, absolutely do not go all in!
The market is volatile, and your mindset should be stable. Follow me @鑫鹰说财 , let’s calmly watch the market together and refuse to be the harvested leeks! #加密市场观察
