Solana Whale That Made $20 Million in 2023 Starts Buying Again
A Solana (SOL) whale that banked more than $20 million in 2023 has resurfaced after two years, buying $3.6 million in SOL.
Blockchain tracker Lookonchain flagged the purchase. This comes as SOL trades roughly 74% below its January 2025 record high.
Dormant Whale Buys $3.6 Million in Solana After Two Years
The buy totaled 47,535 SOL. The wallet, tagged GvHYQQ, accumulated in 2023, before SOL began its climb.
It bought 291,790 SOL for $6.82 million across the August and October dips that year, averaging $23.37 per token. SOL then started climbing in late 2023.
The whale sold 191,789 SOL for $24.62 million at an average price of $128.36, locking in more than $20 million in realized profit. The address stayed silent for over two years afterward.
"Now, after 2 years of inactivity, the whale is buying the SOL dip again," Lookonchain said.
According to Arkham data, the wallet still holds roughly 100,000 SOL from its original 2023 stack. The fresh buy lifts that position to about 147,535, worth close to $11.1 million at current prices.
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