Solana address sells $1.85M SOL at a loss after 2-year hold

An anonymous Solana address starting with GyBRmk has sold 21,911 SOL, worth approximately $1.85 million, after holding the tokens for two years, according to Lookonchain. The address deposited the funds to Binance about two hours ago, a move typically interpreted as a precursor to selling. The wallet had accumulated 20,200 SOL roughly two years prior at an average price of $144. Despite earning 1,711 SOL ($145,000) in staking rewards, the sale is estimated to have resulted in a trading loss of $1.05 million.