Solana Whale Unstakes $2.68M in SOL, Transfers to Kraken – Coincu

An anonymous whale recently unstaked 17,481.34 SOL from Solana, valued at approximately $2.568 million, transferring it to the Kraken exchange on April 27.

This event highlights substantial returns and liquidity changes, with a realized profit of $2.27 million from initial SOL stakes two years prior.

Whale’s Strategic Moves & SOL Market Implications

On April 27, a whale unstaked 17,481.34 SOL, transferring 17,164.18 SOL to Kraken and 317.15 SOL to another wallet. No official details regarding the whale’s identity have emerged. This action, tracked by BlockBeats and Onchain Lens, suggests a strategic financial move by the whale, reflecting significant profit realization. Market observers note potential implications for SOL liquidity and price, due to this transfer for unstaked funds.

While this transaction may signal profit-taking, no immediate statements from Solana or Kraken have been provided. Crypto insiders note no impact from KOLs or official Solana channels, indicating isolated whale activity rather than broader market shifts.

Price Trends, Market History & Expert Insights

Did you know? In past crypto market cycles, large token disbursements to exchanges have occasionally led to short-term price fluctuations, highlighting the influence whales have on market dynamics and SOL’s performance.

As of April 27, 2025, Solana is priced at $147.00 with a market cap of $76.08 billion and trading volume decreased by 45.8% in the past 24 hours. SOL’s price has varied with a 3.94% increase over the week but a 36.68% decrease over 90 days, according to CoinMarketCap.

Experts at Coincu suggest the whale’s retrieval might impact market liquidity temporarily but does not signal a shift in Solana’s technological or regulatory landscape. Historically, such actions typically lead to temporary price volatility rather than long-term effects on SOL’s market standing.