FalconX Withdraws $50.82M in SOL for Staking on Solana Network – Coincu

FalconX transfers $50.82M in SOL for staking, strengthening Solana’s network. Indicates robust institutional confidence in Solana’s potential. Reduces SOL’s circulating supply, possibly boosting price dynamics.

A newly created wallet withdrew 296,422 SOL from FalconX, worth $50.82 million, for staking, reported by BlockBeats on May 17, 2025. This SOL token movement suggests robust institutional confidence in Solana’s continued viability, potentially impacting its market dynamics and boosting network security.

FalconX Commits $50.82 Million to Solana Staking

According to OnchainLens, a newly created wallet linked to FalconX withdrew and staked 296,422 SOL, valued at around $50.82 million. This action demonstrates FalconX’s continued involvement in Solana, underscoring institutional interest in the blockchain, which has witnessed a resurgence post-FTX collapse.

Staking such a large quantity enhances Solana’s network security and decreases its circulating supply, potentially affecting SOL’s price. FalconX reinforced its commitment to boosting Solana access, while CME SOL futures provide further opportunities for institutional investors.

FalconX is proud to execute the first block trade in CME SOL futures with StoneX. This highly anticipated launch marks a historic moment for the Solana ecosystem, allowing institutional investors to manage risk and price exposure on a regulated venue. — Josh Barkhordar, Head of US Sales at FalconX.

Solana’s Price Impact and Market Perspectives

Did you know? In 2023, a whale withdrew 72,500 SOL to stake, mirroring FalconX’s consistent SOL engagement strategies.

Solana’s current price is $164.34, with a market cap of $85.43 billion and a 2.61% dominance, as per CoinMarketCap. Trading volume over 24 hours reached $3.55 billion with a 4.18% price dip, showing contrasting trends over short and long periods.

Experts at Coincu suggest that the recent staking could drive further confidence in Solana’s stability and security. As more institutional products emerge, potential regulatory clarity could push technological innovation and market expansion significantly.