According to blockchain tracking service Whale Alert, a significant quantity of Solana (SOL) tokens has been unstaked. The service reported that 1,511,243 SOL, worth approximately $125,662,950, was unlocked from an unknown wallet on February 20, 2026.
This large-scale unlock occurs against a backdrop of mixed network staking metrics. Data from Messari indicates that the total amount of SOL staked actually increased by 3% in the last quarter of 2025, rising from 409.6 million to 421.8 million tokens. However, due to a decline in SOL's price, the dollar value of staked SOL plummeted by 38.6% in Q4 2025, falling from $85.5 billion to $52.5 billion. The all-time high for staked value was $102 billion, recorded on September 18, 2025, when SOL traded near $248.
Network health metrics show a contraction in validator count but sustained decentralization. Solana ended Q4 2025 with 791 active validators, representing a 17.9% quarterly drop. These validators are hosted across 39 countries and 196 unique data centers. The network's Nakamoto coefficient for hosting data centers remained at 6, while the overall network Nakamoto coefficient was 19 at the end of the quarter, which is above the median for comparable blockchains.
The market context is one of consolidation following a sell-off on February 5, 2026. Since February 6, SOL has been trading in a range between $67 and $91. At the time of reporting, SOL was trading at $84, up 2.88% in 24 hours and 4.86% weekly. Key support levels are identified at $74.11 and $50.18, with resistance at $91 and $114 (coinciding with the daily 50-day moving average).
Despite the price pressure, institutional interest via ETFs persists. U.S. spot Solana ETFs saw $5.94 million in net inflows on the reporting date, bringing total cumulative net inflows to $896 million.
