Longtime Solana staker who began in 2021 has quietly sold ~965K SOL (~$137.7M); technicals, negative futures funding and weakening on-chain activity raise further downside risk

first published 2026-05-19T11:30:27Z

A wallet that staked 991,079 SOL in 2021 has been gradually exiting since 2025. Total recorded sales now equal 965,274 SOL (~$137.66M) at an average realized price of $143; the holder sold another ~30,000 SOL (~$2.56M) on May 19. Withdrawals are typically 30k–50k SOL per transaction, and 381,140 SOL (~$32.4M) remain staked. The managed, multi-transaction wind-down may continue to apply supply pressure despite strong Solana fundamentals in 2025 and some institutional staking in 2026.

AI Analysis

The wallet has realized 965,274 SOL (~$137.66M) at an average $143/coin and continues paced withdrawals (typically 30k–50k SOL), most recently selling ~30k SOL on May 19; that ongoing managed sell-off implies continued supply pressure. The summary also notes Solana’s strong 2025 fundamentals ($2.39B revenue) and some institutional staking in 2026, which temper the bearish signal.

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