Odaily reported, citing monitoring by Onchain Lens, that a whale address deposited 308,100 SOL into Kraken and Bybit. According to the monitored data, the SOL involved in the transfer was valued at $21.22 million.
The same whale originally withdrew this batch of SOL from Binance at a value of $37.28 million. Based on the figures reported by Onchain Lens, the difference between the initial withdrawal value and the value at the time of the deposits to Kraken and Bybit amounts to a cumulative loss of $16.06 million.
The disclosed information focuses on four figures: 308,100 SOL, a current value of $21.22 million, an original Binance withdrawal value of $37.28 million, and a cumulative loss of $16.06 million. The original report did not provide further details on any subsequent activity by the address after the deposits to Kraken and Bybit.