Solana Whale Makes Huge Profits After Staking
One of the altcoins that fell the most in the decline in Bitcoin (BTC) and altcoins was Solana (SOL). However, it was also one of the best performers in the recovery. Whales that took advantage of this recovery in Solana also became active. According to Lookonchain’s post, a whale with around 1 million SOL tokens has made more than $153 million in profits after four years of staking on Solana. Accordingly, this whale bought about 1 million Solana in 2021. At that time, these SOL tokens were worth only $27 million. The whale staked the SOL tokens he received and made a huge profit in 4 years. Following the huge profit, the giant whale began unloading some of its SOL stock to cash in on its gains. At this point, the whale unstakes 100,000 SOL tokens (worth around $14 million) and sends them to Binance. Sending tokens to a crypto exchange usually indicates an intention to sell. According to Lookonchain, the whale still has 1.19 million Solana tokens, worth around $166 million. Since the giant whale spent $27 million on SOL, the total unrealized profit for the address is around $153 million.
“After 4 years of staking, this whale cancelled his stake of over 100k SOL (worth $13.9m) 2 hours ago and deposited it into his Binance account. At the time, he had deposited 991,079 SOL for $27 million. He currently has 1.19M SOL (worth $166.37 million) of shares outstanding and his total profit is over $153 million.”
After 4 years of staking, this whale unstaked 100K $SOL ($13.9M) 2 hours ago and deposited it to #Binance. Back then, he staked 991,079 $SOL at around $27. He still has 1.19M $SOL ($166.37M) staked, with total profits of over $153M.
https://t.co/X9KSXT0jES
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— Lookonchain (@lookonchain) April 22, 2025
*This is not investment advice.
