🦈 Solana whales sell off in a big way, the logic behind it is thought-provoking!
📈 Solana's whales have deposited $2.8 million worth of Solana tokens into several exchanges since January, and have cashed out a total of $84 million since the beginning of the year. This whale is very smart and has adopted a DCA (dollar cost averaging) strategy to gradually transfer Solana to exchanges such as Coinbase, Binance and OKX to slowly sell it.
🤔 This strategy of slowly selling is what truly smart investors will do. They will not clear their positions at the peak of the price, nor will they buy all at once at the bottom. In this way, they gradually accumulate wealth in the cycle of the market.
💡 The benefit of this strategy is that it can avoid emotional decisions and make investments more rational and long-term. For ordinary investors like us, this is also an investment method worth learning.
💭However, for me personally, although I was a firm holder of SOL, after careful consideration, I chose to clear my positions. As for why I chose to clear SOL, there are some logic and reasons behind it.
💬So, what do you think about Solana whales using the DCA strategy to sell? Do you agree with this gradual selling method to manage cryptocurrency holdings? For SOL or other altcoins, do you have any unique insights or strategies? Welcome to leave your thoughts in the comment area!
