Solana whale sits on $153M profit after 4-year staking play
A Solana whale with over 1 million tokens has realized a profit exceeding $153 million after a four-year staking endeavor. The whale initially staked nearly 1 million SOL tokens in 2021, costing approximately $27 million when SOL was valued at $27. Now, with the price rising to about $140, their holdings have grown to an estimated $180 million. Recently, the whale began offloading assets, transferring 100,000 SOL (around $14 million) to Binance, a move often signaling intent to sell. Despite cashing out, the whale retains 1.19 million SOL, valued at approximately $166 million, resulting in an unrealized profit of about $153 million. This activity coincides with a significant event in early April where several wallets unlocked a total of $37 million in staked tokens, with subsequent sales reaching roughly $50 million.
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