A Solana holder sold 21,911 SOL for $1.85 million and realized a net loss of just over $1.05 million. The wallet’s cost basis was about $2.91 million. Over two years, staking generated 1,711 SOL in rewards worth roughly $145,000, bringing total holdings to 21,911 SOL. Solana’s staking APY is around 5.86%, but the yield was insufficient to offset SOL’s large drawdown. SOL fell 64% from an all-time high near $294 in January 2025 to around $105 by early April 2025, and later tested the $80 support band. Institutional demand remained relatively firm after spot Solana ETF launches, but retail holders still experienced deep losses.
"A solana holder lost $1.05M selling 21,911 SOL despite earning $145K in staking rewards over two years. Solana's 5.86% APY failed to offset a 64% price decline from the $294 all-time high hit in January 2025. SOL trades near $84 at press time; institutional demand has held firm even as retail holders absorbed deep losses."
"The trader's total cost basis stood at roughly $2.91 million. Over two years of staking, the wallet earned an additional 1,711 SOL in rewards, worth approximately $145,000, bringing total holdings to 21,911 SOL. When those tokens were sold for $1.85 million, the net realized loss came to just over $1.05 million."
"The coin hit a then all-time high of approximately $294 in January 2025, fueled by the launch of the TRUMP memecoin on the Solana network. What followed was a steep 64% drawdown that dragged SOL to around $105 by early April 2025. The slide has continued into 2026, with the asset testing the $80 support band in recent months."
"The introduction of spot solana exchange-traded funds (ETFs) in October 2025 was widely expected to stabilize (or revive) institutional interest. And while Bitcoin.com News reported earlier in May that solana demand held firm even as Blackrock led a $635 million bitcoin ETF selloff, that resilience has not translated into sustained price recovery for individual holders."
Read at news.bitcoin.com
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