- Whale sold 33,366 SOL for $4.71M after seven months of holding.
- Holder earned 1,283 SOL in staking rewards worth about $181K.
- Final exit left the whale with a loss of around $230K.
A large Solana holder has exited a major position at a loss after months of accumulation and staking rewards, drawing renewed attention to whale behavior in the SOL market.
Whale Sells Long-Held Solana Position
A large Solana address identified as DYzF92 has closed a major position after seven months. The wallet sold 33,366 SOL worth about $4.71 million, based on data shared by Lookonchain.
The wallet had entered the position seven months earlier. During that time, it bought 32,083 SOL for roughly $4.94 million. The holder also earned 1,283 SOL in staking rewards. Lookonchain reported that these rewards were worth around $181,000 at the time of the sale.
The sale still left the whale with a loss. Lookonchain stated that the exit placed the wallet “in the red” with an estimated $230,000 loss. The move has drawn attention because the holder had earned steady rewards yet still chose to close the position.
Staking Rewards Did Not Offset Price Decline
The wallet earned staking rewards throughout the seven months. Staking is widely used on the Solana network because users can earn regular payouts while supporting network security.
The whale gained 1,283 SOL in rewards, which added value to the position. However, the market price of SOL moved against the holder during the same period. Because the wallet paid more for the initial tokens than it received from the sale, the rewards were not enough to cover the loss.
The final numbers showed that the difference between the purchase value and the selling value, even with rewards added, placed the account below break-even.
On-chain data continues to be used by analysts and traders to understand how large holders act during uncertain conditions. Transactions from major wallets can offer context, and they can also show how long-term strategies perform when prices move lower.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
