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.

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.

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 2026, citing above-average staking returns as the rationale.

With early believers cashing out into institutional demand, it will be interesting to see how long that equilibrium holds, as it depends partly on whether the remaining $32.4 million in staked sol eventually hits the open market.

At the whale’s current offloading pace of roughly 30,000 – 50,000 sol per transaction, a full exit, if it comes, is still months away.

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