Long-Term Solana Holder Sells 30,000 SOL, Extending $137.66 Million Offload

According to Lookonchain, the address first staked 991,079 SOL more than five years ago and has now sold 965,274 SOL at an average price of $143 while keeping a large balance staked.

SOL

Summary

A long-term Solana holder sold 30,000 SOL worth about $2.56 million, according to blockchain analytics tracker Lookonchain. The same address originally staked 991,079 SOL more than five years ago and has now sold a total of 965,274 SOL for about $137.66 million at an average price of $143. The wallet still has 381,140 SOL, worth about $32.4 million, remaining staked. The activity highlights how large early holders can realize substantial gains over time while continuing to maintain exposure to Solana through staked holdings.

Terms & Concepts
  • Staking: Locking cryptocurrency to help secure a blockchain network and earn rewards in return.
  • Solana: A blockchain network designed for fast transaction processing and lower costs, with SOL as its native token.
  • On-chain analytics: The analysis of public blockchain data to track wallet activity, token movements, and investor behavior.