PANews reported on January 21 that, according to Lookonchain monitoring, the whale degen-retard.sol withdrew 99,153 SOL tokens from Binance at a price of approximately $192 per coin about two years ago (worth $19 million at the time) and then staked them.
Today, he unstaking the remaining 98,328 SOL tokens (currently worth $12.34 million) and sold them through a DCA (Discounted Regular Amount) strategy. After staking SOL for nearly two years, he not only failed to make a profit but actually lost more than $6.6 million.



BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate. BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more