Date: 2025-04-04
Solana whales have offloaded their tokens to cash in on gains from a staking play that began four years ago. In April 2021, four whale addresses staked 1.79 million Solana (SOL) tokens, then worth about $37.7 million. The stake was unlocked on April 4, in what Arkham Intelligence called “the largest single-day unlock of staked SOL.” The firm noted that the next similar unlock is not expected until 2028.At the time of the unlock, the tokens were valued at roughly $206 million, representing a 446% gain from the initial staking period.Solana tokens scheduled to be unlocked on April 4. Source: ArkhamSolana whales sold nearly $50 millionAfter the tokens were unlocked, the whales started to dump their holdings. Arkham data shows that over 420,000...
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