Solana OG Sells $137M After Five Years Staking, Keeps $32M

A wallet that staked 991,079 SOL in 2021 has sold 965,274 SOL since 2025 for a total of $137.66 million, while 381,140 SOL remain locked in staking, about $32.4 million at current prices.

On May 19 the wallet sold 30,000 SOL for roughly $2.56 million. The recorded sales since 2025 total 965,274 SOL at an average realized exit price near $143 per coin. The holder began recorded withdrawals and sales about a year ago.

The 381,140 SOL are subject to staking rules and cannot be sold on the spot market until they are unstaked and any unbonding periods end. The May 19 sale represented less than 8% of the current staked balance. The wallet has spread sales over multiple transactions across several months.

Other large-holder activity this year included a separate wallet that unstaked and moved about $26.1 million in SOL to a major exchange and a roughly 250,000 SOL transfer toward exchange infrastructure by a known institutional firm.

Protocol-level data show the network generated $2.39 billion in annual revenue in 2025, driven by decentralized exchange trading volumes and token launchpads. At least one institutional participant increased SOL staking in 2026, citing higher-than-average staking returns.

At the observed pace of withdrawals, commonly around 30,000 to 50,000 SOL per transaction, a full liquidation of the remaining staked balance would take several months if the holder continues the same pattern. Unstaking and transfer steps introduce delays between a decision to sell and the tokens appearing on exchanges.