Odaily reported, citing monitoring by Onchain Lens, that a whale address deposited 308,100 SOL into Kraken and Bybit. According to the figures disclosed in the report, the transferred SOL was valued at $21.22 million at the time of the monitoring update, while the associated loss was reported at $16.06 million.
The same whale originally withdrew this batch of SOL from Binance at a value of $37.28 million. Based on the newly reported valuation of $21.22 million, the difference between the initial withdrawal value and the current disclosed value is $16.06 million, matching the cumulative loss cited in the report.
The on-chain movement named three major platforms: Binance as the original source of the SOL withdrawal, and Kraken and Bybit as the destinations for the latest deposits. The report only disclosed the transfer amount, current valuation, loss figure and initial withdrawal value; it did not provide the identity of the address or any further transaction details.