Giant Whale releases pledge of 98328 SOLs for sale, resulting in a loss of over 6.6 million US dollars

According to Lookonchain data, the address degen-reard.sol of the giant whale extracted 99153 SOLs (with a total value of $19 million at the time) from Binance at a price of approximately $192 per SOL and pledged them about two years ago. Today, the address released the remaining 98328 SOLs (now worth a total of $12.34 million) from pledge and completed the sale through a periodic quota (DCA) strategy. After pledging for nearly two years, the address has accumulated losses exceeding 6.6 million US dollars.