Solana Staking Landscape: Major Exchanges, Liquid Pools and Unidentified Billion‑Dollar Whales

Solana (SOL) has been trading above $100 since late August, but the most significant activity is occurring off‑chain in massive staking positions. These positions reveal where billions of dollars of SOL are currently allocated.

Top Recognizable Stakers

• Coinbase leads with roughly 24 million SOL, valued at about $2.45 billion (≈2.33% of its total on‑chain assets).
• Solana Foundation holds a staking withdraw authority with 23.7 million SOL, worth around $2.42 billion.
• Binance BNSOL Pool stakes 10.39 million SOL, valued just over $1 billion.
• Jito Stake Pool controls 10.27 million SOL, worth roughly $1.05 billion.
• Figment stakes 8.58 million SOL, valued at about $876 million.

Mystery Whales

Beyond the known entities, four unidentified wallets each hold around 5 million SOL. Combined with a sixth‑place unknown wallet of 5.62 million SOL, these five entities control more than 20.6 million SOL, equivalent to roughly $2.1 billion at current prices.

Implications

The concentration of staking assets highlights the influence of both institutional players and opaque large holders on Solana’s network security and token economics. While the public blockchain records balances, the identities behind several multi‑billion‑dollar stakes remain undisclosed.