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Solana Staker's Paper Profit Surpasses $153 Million

Solana Staker’s Paper Profit Surpasses $153 Million

A Solana whale has begun to realise profits after four years of staking, according to analysts at Lookonchain.

The investor locked nearly a million SOL in 2021, when the coin’s price was around $27, amounting to an investment of approximately $27 million.

Confidence in the asset and a relatively high yield rate increased the holder’s reserves to 1.29 million SOL. The price of Solana exceeded $140, bringing the total value of the investor’s coins to $180 million.

On April 22, the whale unlocked 100,000 SOL (~$14 million) and transferred it to Binance.

The investor still holds 1.19 million “locked” SOL, valued at approximately $166 million. Total profits have reached $153 million, according to Lookonchain.

In the past 24 hours, the price of the “people’s cryptocurrency” has risen by 4.3%; over seven days, it has increased by 10.6%, according to CoinGecko.

Earlier in April, the volume of Solana staked matched that of Ethereum.

In February, VanEck forecasted SOL to rise to $520 by the end of 2025.

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