Whale Address Stakes Over $60M in Solana

On September 12, 2025, a whale staked 268,395 SOL, valued at $60.7 million, after withdrawing from Coinbase, indicating significant institutional activity in Solana’s ecosystem.

This substantial staking could bolster Solana’s network, hinting at reduced SOL supply and bullish sentiment among institutional investors, potentially leading to increased market stability and demand.

Whale Staking Bolsters Solana Network Stability

A whale address staked 268,395 SOL worth $60.7 million on September 12. This activity, monitored by Onchain Lens, followed the withdrawal of 270,000 SOL from Coinbase, with 1,605 SOL left in the wallet.

The locking of this substantial amount into staking reduces circulating supply. The market typically perceives such moves as bullish signals for Solana due to increased network security and liquidity constraints.

It appears that there are no direct statements, quotes, or public commentary from any notable individuals or organizations regarding the recent staking activity by the whale in Solana.

Price Surge and Institutional Interest in Solana

Did you know? Previous large-scale SOL staking has historically led to reduced circulating supply, potentially increasing price stability during bullish market conditions.

According to CoinMarketCap, Solana (SOL) currently trades at $232.00, with a market cap of $125.82 billion and a 24-hour trading volume of $10.61 billion, marking a 2.90% 24-hour price increase. Solana’s market dominance is at 3.13% as of early September 12, 2025.

Expert analysis from the Coincu research team suggests that the staking activity could trigger further adoption among institutions seeking price stability. Historical trends indicate that similar whale maneuvers have bolstered Solana’s market position relative to competing DeFi assets.