According to on-chain analytics platform Lookonchain (@lookonchain), the smart whale address GvHYQQ has resumed activity after being dormant for over two years, recently purchasing 47,535 $SOL worth approximately $3.6 million. This address is known for its precise market timing: in August and October 2023, it made two successful bottom-fishing moves, accumulating 291,790 SOL at an average price of $23.37 (approximately $6.82 million). It later sold 191,789 SOL at an average price of $128.36 (approximately $24.62 million), realizing over $20 million in profit.
SOL whale reenters market after two-year silence, purchases 47,535 SOL worth $3.6M
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Summary
Whale activity on Solana has surged as a major whale address, GvHYQQ, reentered the market after two years of inactivity. The whale purchased 47,535 SOL for approximately $3.6 million. This same address previously made headlines in 2023 by buying 291,790 SOL at $23.37 and selling 191,789 SOL at $128.36, netting over $20 million. Whale activity on Solana remains a key indicator for traders.
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