A trader staked 50,000 SOL seven months ago, earning $160,000 in staking rewards but losing $4.4 million.
Foresight News reported, citing monitoring by Lookonchain, that a trader bought 50,000 SOL at $183 per SOL (worth $9.15 million) seven months ago and staked them, earning 1,750 SOL in staking rewards (worth $160,000). However, the price of SOL has dropped by 50%, and five hours ago this trader deposited all 51,750 SOL (worth $4.75 million) into an exchange, with an estimated loss of $4.4 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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