A Solana whale with over 1 million tokens has seen a profit exceeding $153 million after staking nearly 1 million Solana tokens for four years. Blockchain analytics firm Lookonchain revealed that the whale initially staked these tokens in 2021 at a value of approximately $27 million, when the price per token hovered around $27. With the price increasing to about $140, the total value of the staked holdings escalated to roughly $180 million. On April 22, the whale began to offload some tokens, transferring 100,000 SOL (valued around $14 million) to Binance, suggesting a desire to cash out on gains. Following these transactions, the whale retains about 1.19 million Solana, valued around $166 million, yielding an unrealized profit of about $153 million. This offloading aligns with recent trends, where several wallets, having staked a total of $37 million, had their tokens unlocked for sale, resulting in significant trading activity as Solana briefly surpassed Ethereum in staking market cap.

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