A Solana whale has accumulated over 170,000 SOL, worth approximately $23 million, in the past 24 hours, signaling strong investor interest despite concerns about SOL’s inflationary effects.

Meanwhile, Pump.fun, a well-known fee account, sold 9,940 SOL ($1.33M) just 19 hours ago, contributing to its total of 274,313 SOL ($42.93M) sold at an average price of $156.5. Pump.fun’s total revenue has now reached 712,797 SOL ($95.87M).

In a related move, an FTX/Alameda-associated wallet redeemed 177,693 SOL ($23.75M) from Solana’s PoS staking, raising speculation about future sales. This wallet still holds a massive 7.057 million SOL ($943M) in staking, much of which could have already been sold through over-the-counter (OTC) deals.

Many Solana Holders Are Losing Money 

While whales are making significant moves, a researcher on X highlighted that many Solana holders are unknowingly losing money by simply holding unstaked SOL. As a proof-of-stake (PoS) network, Solana rewards validators with SOL, and the supply inflates by 5% annually, gradually falling to 1.5% after 15 years. This inflation dilutes the buying power of holders who do not stake their tokens.

The solution, however, is simple: staking. By staking SOL, users can negate the 5% inflation and earn an additional 3-7% APY. Liquid staking options like $mSOL, $INF, and $jitoSOL offer even more flexibility by allowing staked tokens to remain liquid and usable in DeFi protocols. Platforms such as KaminoFinance offer extra yield opportunities on liquid staked tokens, allowing users to maximize their returns while mitigating inflation.

Staking SOL not only combats inflation but also unlocks new opportunities within Solana’s growing DeFi ecosystem.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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