A high-profile crypto investor, often referred to as a whale, is currently facing a significant unrealized loss of approximately $8.05 million, despite having pursued a long-term staking strategy with Solana (SOL).
Over the past 3.5 years, the investor accumulated and staked 98,216.7 SOL tokens, valued today at around $11.27 million.
These tokens were gradually withdrawn and staked with the intention of earning consistent passive income through staking rewards.Â
However, due to unfavorable market timing and a higher average purchase cost during accumulation, the current market price of SOL has left the whale deep in the red.
Recent Whale Activity Signals Continued Confidence in Solana
After remaining inactive for three months, the whale has made a notable move by withdrawing 32,000 SOL, worth approximately $3.71 million and sending the tokens for staking.
The renewed activity could reflect a deep-seated belief in Solana’s long-term potential, as the investor has opted to increase their staking exposure instead of cutting losses.
By doubling down, the whale appears to be banking on eventual price recovery and greater staking rewards.
The strategy not only aims to maximize yield over time but also signals a broader trend of investor patience and conviction in the resilience and technological promise of the Solana blockchain ecosystem.
Also Read: Crypto Investor Makes Massive $2.55M Loss After Offloading 427.79M $PENGU Worth $2.48M
Solana Price Rebounds Amid Broader Market Optimism
Solana’s market price rose to $114.08 today, representing a 7.35% increase within 24 hours, despite being down 3.37% over the past week.
The uptick in price and trading activity aligns with growing investor confidence in Solana’s expanding use cases, particularly in DeFi, NFTs, and scalable decentralized apps.
With a circulating supply of 520 million SOL and a market capitalization nearing $58.8 billion, Solana continues to maintain its position as a leading blockchain network.
The improved sentiment and recent price performance may provide hope to long-term holders like the aforementioned whale, who are still awaiting the day their investments turn profitable.
Mixed Outcomes Across Other Long-Term Staking Strategies
While the SOL whale faces a significant paper loss, other long-term stakers have seen vastly different outcomes.
One investor recently unlocked 63,000 SOL after 1.6 years of staking, securing a $6.2 million profit, illustrating the importance of timing and entry price in the volatile crypto landscape.
Another prominent example comes from an XRP investor who offloaded 26 million staked tokens after 2.3 years, netting a massive $56.87 million in profits.
The investor also received 1.38 million XRP in staking rewards via liquidity pools, further boosting gains.
These contrasting results underscore the diverse range of possibilities in crypto staking strategies, where fortunes can shift dramatically based on timing, token performance, and market cycles.
Also Read: Crypto Investor Makes $56.87M Profit From $XRP After Offloading 26M Staked $XRP After 2 Years