Solana OG Who Staked for Five Years Has Quietly Cashed out $137 Million in SOL

A Solana wallet sold 30,000 SOL on May 19 for about $2.56 million, bringing total recorded exits to 965,274 SOL worth $137.66 million at an average realized price of $143 per coin. The wallet originally staked 991,079 SOL in 2021 and began selling roughly a year ago. A remaining 381,140 SOL is still staked, valued around $32.4 million at current prices. Sales were distributed across multiple transactions over several months, consistent with managing market impact or tax exposure. The latest sale represents less than 8% of the remaining staked supply. Additional large-holder activity included unstaking and depositing $26.1 million to Binance and a separate move of 250,000 SOL toward exchange infrastructure. Despite sell pressure, Solana generated record $2.39 billion in annual revenue in 2025 supported by DEX volumes and token launchpads.

"A veteran solana holder sold another 30,000 sol for approximately $2.56 million, bringing their total recorded exits to 965,274 SOL worth $137.66 million at an average realized price of $143 per coin. The wallet originally staked 991,079 SOL more than five years ago and began selling roughly a year ago. The whale's latest 30,000 SOL withdrawal and remaining staked position, per Solscan."

"With 381,140 SOL ($32.4M) still staked, solana markets face ongoing supply pressure from long-term holders. The holder still has 381,140 SOL worth approximately $32.4 million at current prices, locked in staking, indicating that the investor may be taking a calculated wind-down approach to their holdings rather than forcing a full-on liquidation event. To this point, the wallet has distributed sales across multiple transactions over several months, a pattern that is consistent with an early participant managing tax exposure or market impact."

"The latest sale of 30,000 sol represents less than 8% of the remaining staked supply. What OG Exits Signal for SOL The Solana network has not been short of large-holder sell pressure since the start of the year because just last month, a separate wallet unstaked and deposited $26.1 million in sol to Binance, prompting broader concern about institutional-scale exits. Galaxy Digital drew attention for a similar event involving 250,000 SOL moved toward exchange infrastructure."

"Despite this sell pressure, the Solana network's fundamentals have held up as the protocol generated a record $2.39 billion in annual revenue in 2025, powered by decentralized exchange ( DEX) volumes and the rise of token launchpads. Bitcoin.com News also previously reported on at least one institutional player expanding its SOL staking position in"

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