A 289 times profitable SPX whale address is selling SPX to lock in profits
According to Lookonchain monitoring, a whale address holding 19.15 million SPX (about $15.70 million) is selling SPX for profit, the address's profit on SPX is about $14 million, with a return of 289 times.
The address spent $48,400 on Solana between January 29 and March 21 to buy 19.15 million SPX. He bridged all SPX to the Ethereum network and started selling SPX on October 3. So far, the address has sold 4.15 million SPX for 708 ETH and still holds 15 million SPX (~ $12.30 million).