Solana Whale Bags $153M Profit: 4-Year Staking Play Pays Off Big
A Solana whale’s long-term staking strategy has yielded massive profits, spotlighting the network’s growing appeal among high-stakes investors.
A crypto whale who believed in Solana (SOL) when it was valued at just $27 has emerged with one of the largest staking-related profits in recent times, totaling over $153 million.
On April 22, on-chain analysts from Lookonchain revealed that the whale had unstaked 100,000 SOL, worth about $13.9 million, and deposited it into Binance.
The address in question had initially staked 991,079 SOL back in 2021. With Solana trading at approximately $27 at the time, the trader invested nearly $27 million in what has appeared to be a long-term yield strategy.
Today, the wallet’s total staked holdings have grown to 1.29 million SOL, which have appreciated considerably even as Solana’s value surpassed $140.
That brings the whale’s holdings to an estimated value of $180 million. Even after the recent 100,000 SOL offload to Binance, the whale still retains approximately 1.19 million SOL, worth roughly $166million
