Solana Whale Unstakes $163M, Stalling Price at $90

Edgen Crypto·Mar 21 2026, 15:06

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Key Takeaways

A single Solana whale unstaked over 1.8 million SOL tokens, valued at $163 million, introducing significant potential selling pressure into the market. The action has stalled Solana's recent price momentum, with the token stabilizing around the $90 level as traders weigh the impact of the increased liquid supply.

A single whale unstaked 1.82 million SOL tokens on March 21, valued at approximately $163.86 million at the time of the transaction.
The large unlock increases Solana's circulating supply, which could create significant downward pressure on the token's price.
The event occurred as SOL's price cooled from a recent high of $97, with the token now consolidating around the $90.16 mark.

Whale Unlocks 1.8M SOL Worth $163M

On Saturday, March 21, a major Solana holder unstaked 1,817,260 SOL, valued at approximately $163.86 million, from the network's staking mechanism. The transaction, flagged by the blockchain monitoring service Whale Alert, saw the tokens removed from their role in securing the network and distributed from a single unknown wallet into multiple addresses. This move instantly makes a large volume of SOL liquid and available for transfer or sale.

Price Stalls at $90 as Supply Concerns Mount

The large-scale unlocking has introduced uncertainty into the Solana market, creating potential downward pressure on its price. While the whale's immediate intention—whether to sell on an exchange or simply reposition the assets—remains unknown, the market often views such large liquidations as a potentially bearish signal. This event occurred as Solana's recent price momentum cooled significantly. After reaching a high of $97 on March 16, the token's price stabilized around $90.16. In the day following the unstaking, Solana's price saw a minimal gain of just 1.06%, indicating that the new supply may be capping further price appreciation.