: Significant Unstaking Event by Long-Term Solana Holder
Approximately two hours ago, a substantial Solana (SOL) holder unstaked 12,296 SOL, valued at $1.78 million at the time of the transaction. This activity follows a four-year staking period.
Initial analysis indicates that the entity withdrew 9,402 SOL (valued at $87.7K at the time) from Binance U.S. and subsequently staked 9,205 SOL. Over the course of the staking period, the whale accrued 3,091 SOL in staking rewards.
Based on these figures, the unstaking event resulted in a net profit of approximately $1.74 million for the holder, highlighting the potential returns associated with long-term staking of Solana.
This significant transaction by a long-term holder may be of interest to market participants monitoring large-scale SOL movements and the dynamics of staked assets.
Keywords: Solana, SOL, Unstaking, Staking, Whale, Cryptocurrency, DeFi, Binance U.S., Market Activity, Long-Term Investment.