Odaily reported, citing monitoring by Onchain Lens, that a whale address deposited 308,100 SOL into Kraken and Bybit. Based on the monitored valuation, the transferred SOL is worth approximately $21.22 million. The address has recorded a cumulative loss of $16.06 million on this batch of SOL.
Onchain Lens also noted that the whale originally withdrew the same SOL from Binance, when the batch was valued at $37.28 million. The difference between the initial withdrawal value and the latest valuation at the time of the deposits corresponds to the reported loss figure.
The transaction was categorized by Odaily under whale movement, focusing on a large on-chain transfer involving SOL and two centralized exchanges, Kraken and Bybit. The disclosed data includes the token amount, the current valuation, the original Binance withdrawal value, and the cumulative loss tied to this specific holding.