An interesting scene has unfolded again—the mysterious address that heavily invested in SOL four years ago has recently transferred another $13.57 million worth of tokens to a major exchange.

On-chain tracking shows that since April of this year, this address has been gradually unlocking and selling, having offloaded 615,000 SOL so far and recouped $107 million. What’s even more striking is its cost basis: $175. At current prices, these moves have easily doubled their profits. There are still 733,000 SOL sitting idle in the wallet, worth nearly another significant sum. Additionally, over the four-year staking period, they’ve passively earned 357,000 in rewards—truly a friend of time.

Should retail investors panic and follow suit?

Looking at it calmly, this kind of "gradual reduction" by whales is actually healthier than an "all-at-once liquidation." You don’t see them dumping and crashing the support level; instead, it’s more of a slow, frog-boiling-out process—which means they’re also watching market absorption. When big players feast, whether small players get some soup isn’t about how much capital you have, but about your grasp of timing.

There’s an old saying in the crypto market that stings: buying takes courage, selling takes wisdom. The people who really make money are often not the "diamond hands" who hold on for dear life, but those who know when to pocket their gains.