Solana whales begin offloading SOL amid $200M staking unlock

Quick Summary:

Source: CoinGeckoRelated: Babylon users unstake $21M in Bitcoin following token airdropFTX wallets unstaked $431 million in SOLThe unstaking event by four whale wallets follows another large unlock by the bankrupt crypto exchange FTX and its trading arm, Alameda Research. On March 4, FTX and Alameda wallets unstaked over 3 million Solana tokens worth about $431 million.

Arkham data shows that over 420,000 SOL tokens, worth about $50 million, have been unstaked by the four Solana wallets at the time of writing. Following the unlock, blockchain analytics firm Lookonchain said the whales have started offloading their funds.

Three other wallets sold about $16 million in SOL. Arkham data shows that the four wallets still hold about 1.38 million SOL tokens worth roughly $160 million. The SOL unlock follows a significant decrease in SOL token prices since April 2.

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Author / Journalist: Cointelegraph by Ezra Reguerra

Category: Crypto

Markets: United States

Topics: Four April Whales Started Unlocked Solana Unlock Tokens Million Worth Wallets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-04 @ 14:20:32 (2 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 379 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 27584214

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