A whale withdrew 48,744 SOL, worth about $6.15M, from OKX and sent the funds to staking, with the wallet activity visible on Solscan for address GcJFx1MZJ8Zn7PwtRprnzrXz4NyApdm16yAkCFQ4JvG. Since August 22, 2025, this wallet has withdrawn and staked a cumulative 1,231,861 SOL, initially valued at $186.09M and currently worth $155.68M, reflecting an unrealized loss of $30.4M. The transfer also removes 48,744 SOL from OKX order books for this wallet while staked, and the staking transactions recorded on Solscan.
This move is part of a larger pattern that began on August 22, 2025, where the entity has accumulated and staked a total of 1,231,861 SOL, initially valued at $186.09M. Based on those figures, the implied average entry is approximately $151.06 per SOL and the current implied valuation is about $126.38 per SOL, a drawdown of roughly 16.3%, which aligns with the pricing implied by the latest 48,744 SOL move shown on Solscan.
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