Reports have emerged suggesting that three dormant Solana genesis wallets, inactive since 2020, have reactivated after over four years to swap over 100 SOL for the privacy token $GHOST. However, these claims remain unconfirmed by official Solana channels or primary blockchain explorers as of October 28, 2025.
Solana's leadership, including Co-founders Anatoly Yakovenko and Raj Gokal, has not issued any statements regarding this activity. Instead, their communications have focused on network upgrades and ecosystem enhancements, such as the Alpenglow upgrade, which aims to improve throughput and transaction speed. Market conditions have remained stable, with SOL's price hovering in the $190–$192 range, attributed to recent technical progress rather than wallet movements.
On-chain monitoring accounts flagged the wallet reactivations, leading to community speculation about potential insider involvement or renewed interest in Solana's privacy tools. A blockchain analyst from Whale Insider noted, "The reactivation of these early Solana wallets raises questions about who is behind them and what their intentions may be." Despite the curiosity, the event is seen as isolated, with no verified impact on Solana's financial ecosystem or broader market trends, given the modest transaction size relative to daily trading volumes.
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