- Whale withdrew 49K SOL from OKX to stake
- Total staked SOL now stands at 761,405
- Total stake value exceeds $109.5 million
A major Solana whale has just made headlines after withdrawing 49,000 SOL from crypto exchange OKX and staking it, according to blockchain analytics platform Lookonchain. This move signals a growing vote of confidence in the Solana network, especially from large-scale holders.
The newly staked tokens bring the whale’s total staked holdings to a massive 761,405 SOL, which at current market rates is valued at around $109.5 million. Such substantial commitments are often seen as bullish signals by the market, suggesting the whale has strong long-term faith in Solana’s ecosystem and potential growth.
What This Means for Solana
Whale behavior often serves as a market indicator, especially in volatile environments. By choosing to stake instead of sell, this whale is locking in a long-term position, reducing circulating supply and possibly increasing scarcity.
Moreover, staking SOL helps secure the Solana blockchain while generating passive income through validator rewards. For other investors, this may indicate that it’s a good time to consider the staking strategy as part of a broader investment approach.
Staking Trends on the Rise
The recent activity is part of a broader trend where more institutional and high-net-worth individuals are choosing to stake Solana instead of keeping it idle on exchanges. It also reflects trust in the protocol’s performance, particularly following Solana’s strong DeFi and NFT ecosystem growth throughout 2025.
As Solana continues to rebound from previous network outages and strengthens its performance, moves like this from major players further cement its status as a serious contender in the blockchain world.
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