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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
An early investor in the Solana ecosystem has recently attracted market attention. This investor acquired approximately 991,000 SOL tokens four years ago and, after holding and staking for a long time, has now realized a profit of 280 million dollars on SOL.
According to on-chain data, the investor has transferred another 60,000 SOL (worth approximately $14.82 million) to Binance in the past 5 hours. This is not the first time they have made a large-scale asset transfer. In the 5 months since the token unlock in April of this year, this address has transferred a total of 375,000 SOL to Binance, with a total value of up to $68.51 million, averaging a selling price of $183 per SOL.
It is worth noting that despite multiple large transfers, the investor still holds a considerable reserve of SOL. Currently, there are still 962,000 SOL on their address, which is approximately equivalent to 233 million USD at the current market price. This means that so far, the investor has merely liquidated the staking rewards accumulated over the past four years.
This series of operations not only demonstrates the potential returns of early cryptocurrency investments but also reflects that some large investors are gradually realizing profits. However, for ordinary investors, this long-term holding and gradual realization strategy is worth learning from, but it is also necessary to be wary of the high volatility and potential risks of the market.
As the cryptocurrency market continues to develop, similar investment cases may become more and more common. While investors follow these successful cases, they should also view them rationally, conduct thorough risk assessments, and make proper asset allocations.