Whale Stakes 20,000 SOL, Earns 466 SOL Rewards, Suffers $1.27M Loss as Price Drops

KuCoinFlash

Release Time: 01/19/2026 01:46:40

SOL

$89.75-5.84%

Summary

A whale staked 20,000 SOL on Kraken five months ago, earning 466 SOL in rewards as crypto price trends shifted. However, recent price movements caused SOL's value to drop, leaving the whale with a $1.27 million loss. The whale's 20,466 SOL is now worth $2.83 million, and all funds were recently redeposited into Kraken.

BlockBeats News: On January 19, according to monitoring by lookonchain, a whale address, Ci8jH5, withdrew 20,000 SOL (approximately $4.1 million at the time) from Kraken five months ago and staked it. During this period, the address earned 466 SOL in staking rewards (approximately $62,400).

However, due to the drop in SOL's price, the 20,466 SOL currently held is valued at approximately $2.83 million, resulting in a total loss of about $1.27 million. One hour ago, the whale re-deposited all 20,466 SOL (approximately $2.83 million) back into Kraken.

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