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Solana whale

Solana Whale Unstakes 100K $SOL After 4 Years, Sits on $153 Million Profit

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  • A Solana whale who staked 991,079 SOL in 2021 has now made a profit of over $153 million, with a current holding of 1.29 million SOL worth over $180 million.
  • The whale recently withdrew 100,000 SOL (worth about $13.9 million) to Binance, possibly for selling, but still holds 1.19 million SOL.

A Solana whale has made over $153 million in profit after staking tokens for four years. Recently, they withdrew about $13.9 million worth of SOL but still have more than a million coins in their wallet.

The whale drew attention to himself after taking out about 100,000 SOL, worth nearly $13.9 million, from his staking account and sending it to Binance.

According to Lookonchain, the whale staked 991,079 SOL in 2021 when the price was trading at about $27. At that time, the total cost of buying 991,079 SOL was almost 27 million.

After four years, the whale grew his holdings to 1.29 million tokens, which are now valued at more than $180 million, with Solana trading at about $140. On the 22nd of April, the investor took out a little profit by moving a portion of the money to Binance exchange, a step that many believe could be linked to selling.

Despite this move, about 1.19 million SOL still remains untouched. In total, the whale is sitting on a profit of more than $153 million, suggesting that the withdrawal is a more calculated move rather than a full withdrawal.

Solana Gains Amid Recent Volatility

Recently, Solana has shown a mix of strength and price swings. Currently, Solana is trading at $151.49 and has been up by 8.2% in the last 24 hours. Even with this small rise, the token has stayed between $134.72 and $150.35, suggesting it’s moving sideways instead of breaking out.

Over the last seven days, the price jumped by 21.6%, doing better than the overall crypto market, which rose 5%. In two weeks, it climbed more than 42%, but its monthly increase is just 8.3%, showing some ups and downs after having a strong move earlier in the month.

Related Reading | Solana beats resistance: key levels to watch after 17% weekly gain

From $27 to $166M: Solana (SOL) Staker Unloads $13.9M, Keeps Massive Stake

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  • An early Solana investor who turned $27 into a fortune has over $166 million worth of SOL after the withdrawal of $13.9 million.
  • According to on-chain data, the long-term staking yielded a massive $153 million gain.
  • This move has been a major topic in the crypto community, with two features being highlighted: the openness of blockchain technology and the risks of holding large amounts of cryptocurrency.

A Solana (SOL) whale has garnered the attention of the crypto community after they withdrew some of its portfolio of crypto after more than four years of staking. According to blockchain tracking platform Lookonchain, the whale recently unstaked 100,000 SOL tokens — about $13.9 million — and put them on the popular cryptocurrency exchange, Binance. 

This move happened a couple of hours before it was posted on Lookonchain’s X handle, and it is said to be one of the most notable long-term stakes in the Solana ecosystem.

How Early Solana Bet Grew Into a Massive Fortune

On-chain data indicate that the investor staked 991,079 SOL tokens around four years ago when the price of SOL was slightly over $27.

AD 4nXdziuBt8rZrUALSiT2 b9 ZXy 6ykQawZMBNlGVvhRtwsCjdGnR0i0jRt5lL2o YquAh0swYA QPhxED7d26Vjo5j mWqRDO0l3xhw 0nUHhoSTQrDvMZ58oD EjzTYrIh MSnw?key=YaxCJJwrtBhY pW BAnEvme

Source: X @Lookonchain

Indeed, the years of staking hasn’t been without consequences, but it continued to present a wealth of opportunities for early investors in crypto, as this early Solana bet shows. Despite the recent $13.9 million withdrawal, the whale still retains a massive amount of SOL tokens in stake. 

The numbers show that over $166 million worth of SOL still lingers in the account address. This means that even after withdrawing a very large sum, the investor has left a majority of their holdings in the network, which could be a signal that the investor is willing to continue investing in Solana. 

Crypto Community Watchers Are Stunned by $153 Million Profit

With a total value of investments exceeding $166 million and an initial entry on the token at $27, the investor realized gains exceeding $153 million. Blockchain explorer, Solscan clearly shows which tokens were staked, which were unstaked, and which were transferred in a transaction.

The exact reasons for the withdrawal have yet to be revealed, whether for profit-taking, portfolio rebalancing, or any other reason. This kind of activity provides many retail investors with both the potential and the risks of staking and holding through market cycles.

Solana Surges 2.5% as Whales Accumulate Millions in SOL

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  • Solana rebounded to $146 as whales accumulated $27M SOL, with open interest surging from $2.2B to $2.7B.
  • A whale purchased 50,000 SOL ($6.77M), while another staked 41,096 SOL ($6.96M), reducing selling pressure.
  • SOL’s RSI hit 68, nearing overbought levels, while MACD confirmed bullish momentum, supporting its 2.5% price surge.

Solana (SOL) has defended the $125 support level and bounced above $144, signaling renewed confidence among investors. Despite recent volatility, whale buyers are accumulating SOL at reduced prices behind the scenes. Their continued interest highlights optimism in Solana’s long-term potential, reinforcing its resilience amid broader market fluctuations.

Whale Accumulation Sparks Market Optimism

Lookonchain mentioned in the X post that large cryptocurrency holders have increased their SOL positions. A whale recently bought 50,000 SOL, worth $6.77 million, at a market low, indicating a resurgence of long-term confidence. A wallet labeled AHdUMw…qMnj withdrew 54,544 SOL, worth $7.46 million, from Binance, while wallet 7i6FUR…kp5J withdrew 41,096 SOL, valued at $6.96 million and immediately staked the amount.

The market responded swiftly to these whale moves. Following the first withdrawal, SOL’s price surged 2.5% to $137.23 within an hour. Trading volume on major exchanges, including Binance and Coinbase, spiked by 15%, reflecting heightened investor interest. Meanwhile, the second whale’s staking decision helped reduce selling pressure, further supporting the bullish momentum.

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Source: X

Technical indicators align with this optimism. Solana’s Relative Strength Index (RSI) stood at 68 during whale movements, approaching overbought conditions. Additionally, the Moving Average Convergence Divergence (MACD) displayed bullish signals, with the MACD line crossing above the signal line, suggesting continued upward momentum.

Major Solana Whales Withdraw $27 Million SOL

Whale transactions also influenced Solana’s staking landscape. The first whale staked its holdings with Jito, a leading validator, minting JitoSOL tokens and depositing them into Kamino Vault 5. This move demonstrates confidence in Solana’s DeFi ecosystem, as staking reduces short-term selling pressure and enhances platform liquidity.

A broader trend of SOL whale activity emerged, with three major players withdrawing $27 million worth of SOL. As SOL rebounded to $146.67, these purchases turned profitable. This shift coincided with an increase in Solana’s open interest, which rose from $2.2 billion to over $2.7 billion, with more than 74% of positions leaning long.

Screenshot 14.png
Source: Tradingview

Solana’s ecosystem continues evolving despite overall market challenges. Liquid staking is gaining traction, with JitoSOL becoming a key fee generator. Over the past 12 months, Solana and JitoSOL surpassed $1 billion in fees, overtaking the once-dominant Pump.fun meme token platform. However, Solana’s daily active users declined to 3.26 million, lagging behind Base and BNB Smart Chain.

Looking ahead, SOL faces a critical test with an upcoming token unlock on March 1, potentially introducing short-term selling pressure. However, continued whale interest and staking growth indicate underlying strength in the ecosystem. If market conditions remain favorable, SOL could extend its recovery, solidifying its position as a leading blockchain network.

Read More: Solana Price in Danger Zone While this SOL Rival Aims for a 243x Move in 13 Days