Altcoin Whale Redeems 2280 SOL and 291M SLERF Tokens from Gateio

Big Crypto Player Withdraws 2,280 $SOL and 2.91M $SLERF Tokens from Gate.io
Recently, Lookonchain, a leading on-chain analytics provider, revealed a significant event involving a crypto whale who pulled out a substantial amount of tokens from the popular exchange Gate.io. The whale managed to withdraw a whopping 2,280 $SOL tokens, valued at $378K, along with 2.91 million $SLERF tokens, which amount to $923K. This move made waves in the market, prompting Lookonchain to share the news on its official X account.
Just seven hours ago, the whale made the bold move to withdraw such a large sum of tokens from Gate.io. Following the withdrawal, the whale didn’t hesitate to spend 2,281 $SOL tokens, totaling $378K, to acquire 1.17 million $SLERF tokens. This monumental transaction caught the attention of many in the crypto community.
The whale’s actions didn’t stop there. According to Lookonchain, the whale has been on a buying spree since April 25, accumulating a total of 11.9 million $SLERF tokens, valued at approximately $4.09 million. However, despite the substantial investment, the whale is currently facing a loss of $266K.
This intriguing development has sparked various speculations within the crypto space, as observers try to decipher the implications of the whale’s moves. With a significant amount of money on the line, all eyes are on the market to see how this story unfolds.
Tags: SOL