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Solana Whale Down $8.45M But Still Stacking – Withdraws Another $7M from OKX to Stake

Solana Whale Down $8.45M But Still Stacking – Withdraws Another $7M from OKX to Stake

Solana whale recent transactions - large OKX withdrawals followed by stake account creations

While most of the market is whining about the dip, one absolute unit of a Solana whale is quietly doing the opposite: stacking harder.

Spotted by the always-on-point Onchain Lens, this whale just withdrew 49,165 SOL (~$7 million)​ from OKX and immediately routed it into staking.

This isn’t some rookie move either. Since August 22, 2025, this single address has systematically moved funds from OKX and locked them up in native stake accounts.

Total staked to date: 761,405 SOL
Original cost basis: $117.97M
Current value: $109.48M
Unrealized loss: -$8.45M

And instead of panic-selling like the weak hands, they just added another $7M chunk.

That, friends, is what real conviction looks like.

Why This Actually Matters for Meme Coins

Solana is the meme coin casino right now. pump.fun, Raydium, Moonshot, whatever platform you’re aping into next week — it all runs on SOL.

When a whale this size keeps withdrawing from CEXs and locking SOL into staking, they’re doing several very bullish things at once:

  • Removing massive sell pressure (staked SOL can’t be dumped instantly)
  • Earning ~6-7% native staking yield while they wait
  • Signaling to the market that they believe SOL will be worth way more when these stakes eventually mature
  • Keeping the base layer strong and liquid for the next wave of meme launches

In plain English: whales who are still accumulating and locking SOL while underwater are the exact type of players who prevent total capitulation and help spark the next leg up.

Every meme coin season we’ve seen on Solana has been fueled by rising or stable SOL price + big money confidence. This whale is providing both.

You can track the wallet yourself here → Solscan - GcJFx1MZJ8Zn7PwtRprnzrXz4NyApdm16yAkCFQ4JvG

Respect the stack.
The kind of move that makes you wonder who’s really going to make it this cycle.

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