Solana Whale Degen-retard.sol Suffers $3.6M Loss Again
- Degen-retard.sol sells 100K SOL, losing $3.6M.
- Repeat loss follows prior $6.6M SOL loss.
- No impact seen on broader Solana SOL +0.00% market metrics.
Anonymous Solana whale ‘degen-retard.sol’ incurred a $3.6M loss by selling 100,000 SOL after purchasing at around $124, reported by Lookonchain.
Degen-retard.sol’s losses highlight potential volatility in Solana investments, with no immediate response from major exchanges or regulatory bodies.
Solana whale Degen-retard.sol recently sold 100,000 SOL, resulting in a loss of $3.6M. Two weeks earlier, this investor purchased the same amount at about $124 each, investing a total of $12.4M before eventually staking them.
The trader, known only by the pseudonym Degen-retard.sol, has taken similar actions in the past. Previously, they incurred a substantial loss of $6.6M with nearly 98,000 SOL. These actions are tracked and reported by Lookonchain.
The immediate effect on the market appears minimal. No significant changes have been reported in broader Solana market metrics like Total Value Locked (TVL) or liquidity shifts, according to available data.
No official statements have been made by industry leaders or regulatory bodies concerning this transaction. The market impact remains isolated to Degen-retard.sol’s activities without broader repercussions.
Despite considerable losses by Degen-retard.sol, the actions have not prompted significant industry response. Solana’s fundamentals and framework continue unaffected by individual transactions.
While individual whale actions can occasionally move markets, in this case, broader financial trends and market behavior dictate stability. Solana is currently unaffected at the infrastructure and governance level.
