According to Lookonchain, a significant Solana whale deposited 49,858 SOL worth $8.46 million to Kraken, incurring a realized loss of $3.11 million compared to their original entry. Six months earlier, this whale withdrew 48,185 SOL ($11.58M) from Kraken at $240 each and staked the assets, earning 1,673 SOL ($286K) in staking rewards. Despite the staking yield, the whale's overall position suffered due to the recent price drop. This large-scale deposit to an exchange signals potential selling pressure, which could trigger short-term volatility or downward movement in SOL prices. Traders should monitor Kraken order books and overall exchange inflows, as whale movements often precede market reactions. The event underlines the risks and timing considerations in SOL staking and the broader Solana ecosystem. (Source: Lookonchain on Twitter, May 16, 2025)

According to Lookonchain, a trader generated a profit of 767 SOL (approximately $112,000) within three hours by closely tracking @SolportTom’s wallet activity on Solana. The trader invested 50 SOL ($7,395) to purchase 270 billion $Grassito tokens in the same block as @SolportTom, subsequently selling the position for 817 SOL ($119,500). This on-chain trade demonstrates the effectiveness of following influential wallets and executing synchronized buy orders to capitalize on rapid price movements. The detailed transaction can be verified on Solscan at solscan.io/tx/3eabx2DuL6T, offering valuable insight for traders leveraging wallet-tracking and real-time blockchain data for profit opportunities. (Source: Lookonchain on Twitter, April 29, 2025)