Whale SOL staking loses 6.6 million in two years? From a position at $192 to bottom-fishing today

【Blockchain Rhythm】According to on-chain monitoring data, a large holder named degen-retard.sol withdrew approximately 99,153 SOL from a major exchange about two years ago at a price of around $192, totaling $19 million at the time, and immediately staked them.

This staking investment was originally intended to generate profits over a two-year period, but the market did not favor this whale. By January 21, he began gradually reducing his SOL holdings. He has already sold 98,328 SOL, amounting to $12.34 million, and adopted a DCA (Dollar-Cost Averaging) strategy to diversify risk.

It is sad to note that after nearly two years of staking, this whale not only failed to profit but also suffered a loss of over $6.6 million. The entire process from investment to exit vividly demonstrates the volatility of the crypto market — even holding popular tokens can entail significant risks if the timing is wrong. This case also reminds investors that while staking strategies can generate returns, long-term holdings also carry risks brought by market cycles.