Solana staking has reached new highs as large investors, known as whales, are buying more SOL from the market.
Solana staking has hit record highs because big investors, known as whales, are moving large amounts of SOL into staking reduces the supply of SOL available on the market, making it tighter.
Solana Staking: Over 68% of SOL Staked
Liquid staking for Solana is growing, causing more SOL tokens to be locked up. Now, over 68% of all SOL tokens are staked, making them scarce. Liquid staking platforms let investors earn rewards while keeping their tokens liquid. This means more SOL is being taken out of the market.
Whales Fuel Solana Staking Frenzy
Recently, large investors (whales) have been moving SOL into staking pools. This mix of regular and liquid staking helps control the token supply, even though more than $5 million worth of SOL is unlocked daily. These whales are likely trying to boost SOL’s long-term value by reducing its market supply, which could push prices up.
SOL Inflation Drops as Staking Soars
The increase in staking matches a planned reduction in SOL inflation, which will soon drop below 5%. This lower inflation has reduced the token supply in recent months. Native staking is still popular, with validators competing to offer the best returns. Since May, staking has also been available through Robinhood, giving EU-based holders more access.
Solana Wallet Growth Fuels Price Rally
The boom in staking and liquid staking has been accompanied by a peak in both new and active Solana wallets. Increased activity has helped SOL’s price rise above $180. Although it recently dropped to $170.03, investors are still hopeful. Some crypto influencers think SOL could soon reach $250.
Solana staking has surged to unprecedented levels, driven by whale investors and the rise of liquid staking, reducing the token’s available supply. With over 68% of SOL now staked and inflation dropping, the market remains bullish on SOL’s long-term value and potential price increases.
Also Read: Solana Price Soaring to $170 Million?
