Solana Whale Earns $153 Million 🎉🔥
A long-term staking strategy has yielded massive profits for one of Solana's (SOL) whales, highlighting the increasing appeal of the network among large investors.
The crypto whale, who believed in Solana when it was valued at just $27, gained significant notoriety, achieving one of the largest staking-related profits recently, totaling over $153 million.
On April 22, a blockchain data analyst from Lookonchain revealed that the whale unstaked 100,000 Solana coins worth approximately $13.9 million and deposited them into Binance.
It is noted that this whale's address initially staked 991,079 Solana coins in 2021. Given that SOL was trading at around $27 at that time, the trader invested nearly $27 million in what turned out to be a long-term yield generation strategy.
Today, the total staked portfolio has grown to 1.29 million Solana coins, which have significantly increased in value, especially after the price recently surpassed $140.
As a result, the estimated value of the whale's holdings rises to $180 million; even after transferring 100,000 SOL coins recently to the Binance platform, the whale still retains about 1.19 million Solana coins worth approximately $166 million.