$200M in SOL tokens are unlocking on the 4th of April in the biggest single day unlock until 2028. These four addresses which will have their SOL tokens unlocked, staked 1.397M SOL tokens, worth $37.7M, way back in April 2021 when SOL was trading at only $27. Today, they’re up almost just over 5.5x on their original stake.
As of early morning on 4th April, two of the original four accounts, 2UhUo and HUJBz, have unstaked a collective 425.27K SOL tokens, worth almost $50M. These tokens were subsequently distributed to a series of other Solana addresses which then deposited the tokens into various centralized exchanges including Binance, Coinbase, Kraken and Deribit, presumably to be sold into the open market.
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