A whale deposited 60,000 SOL tokens into Binance and lost $7.38 million.

According to on-chain analyst OnchainLens, a whale deposited 60,000 SOL tokens (worth approximately $4.42 million) into the Binance exchange, incurring a massive loss of $7.38 million. This whale had previously withdrawn 111,945 SOL tokens (worth approximately $17.16 million at the time) for staking, and subsequently redeemed these tokens for only $9.78 million.