$SOL Whale Keeps Staking Despite Deep Drawdown — $186M Deployed, $30.4M Down 🚨🐳
A major Solana whale has just withdrawn 48,744 SOL — worth $6.15M — from OKX and sent the entire amount directly into staking, reinforcing a long-term conviction play amid market weakness.
Since August 22, 2025, this whale has systematically withdrawn and staked 1,231,861 SOL, representing a massive $186.09M deployed off exchanges. The strategy has been consistent: pull SOL from CEXs and lock it into staking rather than trade volatility.
However, the timing has been costly. Those SOL are now valued at approximately $155.68M, putting the whale at a paper loss of $30.4M — yet there are no signs of capitulation or unstaking.
Is this disciplined long-term conviction… or stubbornly holding through a brutal cycle?
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