Solana whale sits on $153M profit after 4-year staking play
Lookonchain reported that the whale may have started offloading tokens, sending 100,000 Solana to Binance.
A Solana address with over 1 million tokens is sitting on more than $153 million in profit after a four-year staking play on the crypto asset.
Blockchain analytics firm Lookonchain flagged the wallet address of a whale that staked nearly 1 million Solana (SOL) tokens in 2021. At the time of the staking, Solana tokens were worth around $27, which means the trader spent about $27 million to execute the play.
Four years later, the whale’s total staked Solana holdings have reached 1.29 million. With Solana appreciating to about $140, the whale’s holdings have increased in value to about $180 million.
