A long-term SOL staking address has been steadily reducing its position, cashing out over $137 million in total.

Odaily Odaily reports that, according to Lookonchain monitoring, a Solana address that has held assets for over 5 years and participated in early staking sold another 30,000 SOL (approximately $2.56 million) 8 hours ago.

This address initially staked 991,079 SOL five years ago and began gradually reducing its holdings about a year ago. To date, the address has cumulatively sold 965,274 SOL (approximately $137.66 million), with an average selling price of around $143.

Despite the ongoing sell-off, the address still has 381,140 SOL (approximately $32.4 million) in staking.