Solana OG Who Staked for Five Years Has Quietly Cashed out $137 Million in SOL

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.

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.