Solanakhaji earns $153 million with 'four-year staking strategy'

A solanaclay has been found to have made more than $150 million in profits from a staking strategy.
Citing Lookonchain, an address holding more than 1 million Solana (SOL) tokens has been staking crypto assets for four years.
Lookonchain reportedly generated more than $153 million in revenue. According to reports, Lookonchain has seen a whale staker of about 1 million Solana tokens in 2021.
At the time, Solana was priced at around $27, and the trader appears to have invested around $27 million into the strategy.
Now, four years later, the whale owns a total of 1.29 million Solarana, and the price of Solarana is about
Its value has increased to about $180 million as it has risen to $140, and the whale began selling some of his token holdings on the 22nd to realize some of the proceeds.
According to LookOnChain, the whale unstaked 100,000 SOL tokens (worth about $14 million) and sent them to Binance.
The act of sending the coins to an exchange is considered a sale. The whale was confirmed to still have 1.19 million solanas in its possession, which is equivalent to about $166 million.
Considering that the total unrealized proceeds to date are approximately $153 million, given that the total stake was $27 million. Meanwhile, many whales have made Solana the primary network for their staking strategies.
As a result of its selection as the largest cryptocurrency, Solana briefly overtook Ethereum in staking market capitalization. On the 20th, Solana saw its staked tokens reach over $53 billion in value, making it the largest cryptocurrency in the world.
However, this was a temporary phenomenon, and Ethereum regained the number one spot.