Solana OG Who Staked for 5 Years Dumps Another 30,000 SOL in Ongoing $137M Exit.

A long-term Solana stakeholder who locked up 991,079 SOL more than five years ago has sold another 30,000 SOL — worth roughly $2.56 million — in the past eight hours, continuing a distribution that began about a year ago.

The wallet has now offloaded 965,274 SOL at an average exit price of $143, generating approximately $137.66 million in total proceeds. Despite the sustained selling, the address still holds 381,140 SOL staked, valued at around $32.4 million at current prices.

The scale and consistency of the distribution is the signal worth watching: this isn't a panic sell but a methodical, year-long unwind by one of the network's earliest large stakers. With nearly all of the original position already liquidated, the remaining stake represents a continued overhang for SOL price action.