A prominent cryptocurrency investor recently experienced significant losses on their unstaked Solana ($SOL) holdings. Analysis from Lookonchain reveals the whale withdrew a massive 202,604 $SOL tokens from the Solana blockchain and transferred them to Binance to mitigate further losses. The on-chain analytics firm shared this development via social media. 3 weeks ago, the whale deposited around $24.95 million worth of $SOL into a staking account, likely when $SOL was trading at nearly $124. However, following a recent price plunge, the investor faced a substantial loss of up to $678,000. To safeguard their funds, they shifted the coins back to Binance. 3 weeks prior, the whale also moved 157.909K $SOL, 43.847K $SOL, and 0.098 $SOL from hot wallets on Binance to their respective staking accounts. After incurring significant losses, the investor transferred a further 202.651K $SOL (approximately $24.27 million) back to their wallet, followed by another 24.602 $SOL (nearly $24.3 million) to Binance. This incident underscores the vulnerability of even large investors to crypto market volatility and highlights the growing caution among investors amid uncertain market conditions.