An address that had been staked for over 7 months deposited 51,750 SOL tokens into Binance, potentially incurring a loss of $4.4 million.

CoinFeed reported on March 25th that, according to Lookonchain, a trader bought 50,000 SOL tokens at $183 each seven months ago, investing approximately $9.15 million and staking them. During this period, the trader received 1,750 SOL staking rewards, bringing their total holdings to 51,750 SOL. With the price of SOL dropping by approximately 50%, the address deposited all 51,750 SOL tokens (approximately $4.75 million) into Binance five hours ago, incurring a loss of approximately $4.4 million.