Over $200 Million in Staked Solana (SOL) Unlocks Today

A significant milestone in the Solana ecosystem has been reached today with over $200 million in staked SOL unlocking. This is the largest single-day unlock of staked SOL until 2028. Four prominent accounts, each having staked more than $37.6 million worth of SOL in April 2021, triggered this large release. These four accounts saw a remarkable increase in their holdings, with one achieving an impressive tenfold growth in value since April 2021. The surge in SOL’s price after this event can be attributed to various factors, including growing DeFi applications and increased institutional interest in the cryptocurrency.