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Two years ago, a Whale that staked 13.3 million APX has recently sold 9.07 million APX in the last four days, exchanging it for 2.27 million U.
According to a report by Golden Finance, on-chain analyst Yu Jin monitored that a whale who staked 13.3 million APX two years ago sold 9.07 million APX in the last four days for 2.27 million U, with an average selling price of $0.25. Two years ago, when he staked, the price of APX was only $0.033, and these APX were worth only $440,000. Over the past two years, the staking rewards he has earned have surpassed $440,000. His average selling price of $0.25 sold before the price soared to the current $1.6, missing out on a profit of $12.7 million. However, the good thing is that he is selling it in batches slowly, and he still has 5.35 million APX that hasn't been sold, worth $8.82 million.