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A whale dumped 100,000 SOL, presumably to repay a loan

2025.04.09 18:32:36

On April 9th, as per the monitoring of lookonchain, a whale holding 1.32 million SOL (valued at $192 million) sold 100,000 SOL (amounting to $10.7 million) within the past 1 hour. 15 days prior to this, this whale unstaked 1.32 million SOL, deposited 1.2 million SOL into Kamino, and borrowed 20 million USDC. This transaction is likely to be the act of selling SOL to repay the loan.
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