Based on Cryptocurrency Onchain knowledge, the large cryptocurrency whales have withdrawn a considerable amount of Altcoins from at present's Kraken Alternate.
On-chain knowledge found by blockchain monitoring firm On-Chain Lens revealed that the newly created cryptocurrency tackle lately withdraws 1.77 million Solana (SOL) cash, or SOL value round $223 million by way of Kraken.
The contemporary whale then soaked in all these cash.
Primarily based on the present staking reward price, assuming that the Sol worth stays fixed on the present degree, if this whale wagered all of the cash for a 12 months, he would earn round $17 million on the finish of the 12 months. That is helpful for the native staking mannequin.
If he makes use of a liquid reconditioning mannequin, the whale may win a Sol Reward value $23 million on the finish of the 12 months on the identical assumption.
On the time of writing, Solana is buying and selling at $125, about 36% decrease than final 12 months. In different phrases, regardless of these staking rewards, a crypto whale may lose cash on greenback phrases after staking.
*This isn’t funding recommendation.
