Whale Wallet Sells $2.56M Worth of Solana After Years of Staking

A long-term Solana holder has offloaded another 30,000 SOL, valued at approximately $2.56 million, roughly 8 hours ago, according to on-chain data.

Blockchain analytics firm Lookonchain reports that the investor originally staked 991,079 SOL about five years ago and began scaling down the position a year ago. Since then, a total of 965,274 SOL has been sold, amounting to around $137.66 million at an average price of $143, while 381,140 SOL, worth about $32.4 million, remains staked.

Source: Lookonchain