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A major holder has locked over one million SOL as collateral.
The market news was shared by the analytical platform ChainCatcher: an unknown market participant is transferring significant volumes of Solana under long-term collateral conditions. Specifically, the account received 1,173,615 SOL through the Helius infrastructure, which at the current price of $126.66 per coin amounts to approximately $174.36 million USD.
Such a collateral volume signals a high level of trust from a major player in the prospects of the Solana network. The attraction of large-scale capital into staking mechanisms is viewed as a positive indicator for the ecosystem, as it locks coins from active trading at short-term prices.
Helius, which serves as the technical backbone for this operation, continues to strengthen its position as one of the key infrastructure providers for Solana. The scale of the operation demonstrates institutional players’ readiness for long-term investments in the network’s development.