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A whale withdrew 50,000 SOL from a CEX, which will be used for staking

3 days ago

On April 7th, as monitored by OnchainLens, a whale withdrew 50,000 SOL from Gate.io, which is worth $5.07 million and is suspected to be for staking. Before this, over the past 7 months, the whale had staked 264,990 SOL, which is worth $52.4 million. It had earned 5,125 SOL, but currently, it is facing an unrealized loss of $24.97 million.
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