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
Sei Research Initiative Aims to Overcome EVM Limitations
Sei Labs and the Sei Foundation launch the Sei Research Initiative to address Ethereum Virtual Machine limitations, enhancing scalability and decentralization.
US Elections Propel $2.2B Inflows into Digital Assets, Bitcoin (BTC) Leads
The recent US elections have sparked $2.2 billion in inflows into digital assets, with Bitcoin and Ethereum witnessing significant activity, according to CoinShares.
Reimagining EVM Storage: Addressing Key Blockchain Challenges
Explore innovative solutions to optimize the Ethereum Virtual Machine (EVM) storage layer, tackling state bloat and high gas costs through advanced data structures and blockchain strategies.
Ethereum Opens Applications for Next Billion Fellowship Cohort 5
Ethereum is now accepting applications for the Next Billion Fellowship Cohort 5, a program designed to leverage blockchain technology for solving real-world challenges.