A whale address, identified as Ci8jH5, has suffered a significant loss after staking 20,000 SOL, initially valued at $4.1 million, five months ago. Despite earning 466 SOL in staking rewards, worth approximately $62,400, the total value of the holdings has dropped to $2.83 million due to a decline in SOL's price. This results in a net loss of about $1.27 million. The whale has now re-deposited all 20,466 SOL, valued at $2.83 million, back into Kraken.
Whale Loses $1.27M on SOL Stake Despite Earning Rewards
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