Marinade Finance whale sold 5 million dollars worth of mSOL last night, causing the mSOL token to briefly drop by 18%

2023-12-13 11:12:51

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ChainCatcher news, Marinade Finance's liquid staking derivative mSOL token price on Solana dropped from $77 to below $67 in just a few minutes last night, a decline of 18%, and then quickly rebounded.

According to data from The Block Research, a large whale seems to have caused the sharp drop in mSOL price by swapping over $5 million worth of mSOL derivatives for SOL.

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