The giant whale sold mSOL worth over US$5 million, and mSOL fell 18% in the short term.
According to data from The Block Research, mSOL, a derivative product based on Solana's liquid staking, fell 18% in a short period of time early Wednesday morning Beijing time. Prior to this, a whale wallet sold more than $5 million worth of mSOL tokens and exchanged them for SOL.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US stocks erase Monday losses after Bessent calls China trade situation ‘unsustainable’
While Treasury Secretary Scott Bessent expects de-escalation in the future, he said negotiations have not yet started
Small-cap stocks are adding Solana exposure
Struggling stocks revive fortunes with Solana treasury buys
Total cryptocurrency market value exceeds $3 trillion
OpenAI's goal of reorganizing as a for-profit company hits roadblock
Trending news
MoreCrypto prices
More
