TREE NEWS reports: A trader who bought 30,002 SOL at $182 each a year ago and staked them, earning 1,860 SOL rewards, has sold all 31,862 SOL for $3.25 million, incurring a total loss of $2.2 million. The trade highlights the volatility of staking and holding crypto assets.
Trader Loses $2.2M on SOL After Year-Long Hold
This loss underscores that even with staking rewards, a long-term hold can still end deeply underwater when entry price and exit timing diverge sharply. The scale of the position—over 30,000 SOL—means this was a meaningful market participant, and their exit adds supply at current levels. For observers, the key question is whether this reflects broader capitulation among long-term SOL holders or an isolated risk-management decision. The episode also highlights that staking income, while additive, does not offset adverse price moves, a dynamic relevant to anyone evaluating yield-bearing crypto positions.
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