Lookonchain
A dormant whale wallet has resurfaced, depositing 82,700 SOL worth roughly $7.02M into Kraken over the past hour after a nine-month selling pause.
The same address offloaded a total of 4.19M SOL — valued at $757M at the time of sale — into Kraken between May 19, 2024 and August 12, 2025, averaging $181 per token. The fresh deposit marks the wallet's first SOL sales activity since that August exit.
Why it matters
Reactivation of a known large-scale seller after a long quiet period carries outsized signal weight: the historical pattern is established, the venue (Kraken) is the same, and the cadence suggests the holder is resuming a distribution program rather than reacting to a single catalyst. With SOL trading well below the address's prior average of $181, the renewed selling pressure arrives at a structurally weaker price point — the position is being trimmed into losses relative to its cost basis.
Market impact
A single 82,700 SOL deposit is modest in absolute terms relative to SOL's daily volume, but the wallet's prior history — over $750M cumulative sales into one venue — reframes the move as the opening salvo of a longer distribution. Traders are watching the deposit address for follow-on transfers; each additional tranche reprices the bearish overhang on short-term spot action.
Frequently asked questions
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Which wallet just deposited 82,700 SOL into Kraken?
A long-dormant whale address that previously sold 4.19M SOL (worth $757M) into Kraken between May 19, 2024 and August 12, 2025 at an average price of $181 per token.
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How much SOL did this wallet sell previously?
The address offloaded a total of 4.19M SOL into Kraken between May 19, 2024 and August 12, 2025, valued at $757M at the time of sale, averaging $181 per token.
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How long was the wallet inactive before today's deposit?
The wallet had been dormant for nine months, with no SOL sales activity since August 12, 2025, before depositing 82,700 SOL into Kraken.
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Why is this deposit significant for SOL's price?
The address has a documented history of large-scale distribution into Kraken — over $750M cumulatively — so a reactivation reframes the move as a resumed selling program rather than a one-off transfer, adding bearish overhang to short-term spot action.
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At what price is the wallet selling compared to its prior average?
The address previously sold at an average of $181 per SOL, but SOL is currently trading well below that level, meaning the wallet is trimming into losses relative to its historical cost basis.
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