Solana Whales Sell Massive Stake Amidst $200M Unlock

Solana whales have begun selling their tokens following the unlocking of nearly 1.8 million SOL, worth over $206 million, that had been locked for four years. The unlocks, which were part of a larger staking strategy started in April 2021, are impacting the Solana price as whales are selling off their holdings after seeing substantial gains during the initial lock-up period.