Lookonchain reported that trader GyBRmk sold 21,911 SOL for $1.85 million after holding for more than two years, realizing a $1.05 million loss despite staking rewards.

GyBRmk accumulated 20,200 SOL at roughly $144 for a $2.91 million outlay, earned 1,711 SOL worth $145,000 in staking rewards, yet still closed the position underwater as prices declined over the past twelve months.

On the four-hour chart SOL trades at $85.28 inside the Bollinger Bands with the lower support at $83.49 acting as the immediate volatility target. The EMA50 at $89.45 and EMA200 at $87.64 form a bearish confluence overhead while the MACD death cross at -1.68 keeps downside pressure intact; RSI at 31.62 shows neutral momentum that still permits a test of the lower band before any relief rally develops.