The Solana whale employed a dollar-cost averaging strategy, gradually selling tokens over time rather than making a single, large transaction.
A Solana whale that had regularly sold tokens since January deposited almost $2.8 million into several exchanges, bringing the investor’s total tokens sold this year to $84 million.
On Aug. 13, blockchain data analysis company Lookonchain spotted a Solana (SOL) wallet dumping tokens weekly since Jan. 15. According to the data firm, the whale has transferred at least 594,000 SOL tokens to Coinbase, Binance and OKX this year.
Whale sends millions in Solana to a Coinbase wallet. Source: Solscan
