According to Onchain Lens, as reported by PANews, a major cryptocurrency whale or institution has recently unstaked 103,040.6 SOL, equivalent to $17.7 million, after a month of inactivity.
This move ends a period of dormancy, signaling a shift in their approach to their Solana holdings.However, despite this unstaking, the whale isn’t walking away from SOL entirely.
They still hold an impressive 3,369,634 SOL, valued at approximately $584.09 million. This suggests that while they’ve unlocked a significant portion of their assets, they remain deeply committed to Solana’s ecosystem.
What Could This Mean?
Strategy Shift: The whale might be adjusting their portfolio, possibly to reallocate funds or prepare for a new opportunity.Profit-Taking: After a period of staking rewards, they could be cashing out a portion of their holdings.Still Bullish:
Retaining such a massive SOL position indicates confidence in Solana’s long-term potential.For now, this whale’s actions hint at a tactical move rather than a full exit, keeping them as a key player in the Solana market.
