Solana Staked for 3,000 Years: A Symbolic Move in Crypto

According to Cointelegraph, an anonymous crypto user has made a notable move by staking a small amount of Solana (SOL) for an extraordinary duration of 3,000 years. This unusual action was highlighted by blockchain analytics firm Arkham Intelligence, which reported that the user staked $0.05 worth of SOL in 2023, with the stake set to unlock in the year 5138. Vincent Liu, chief investment officer at Kronos Research, suggested that this move might be a symbolic gesture reflecting confidence in Solana's long-term potential. Liu emphasized that legacy staking is more than just locking assets; it represents a mindset focused on long-term conviction rather than short-term gains. He believes that such an approach not only builds portfolios but also establishes enduring legacies. Currently, Solana is trading at $102, as per CoinMarketCap. A report from asset manager Bitwise forecasts that the token's value could rise significantly, potentially reaching between $2,300 and over $6,000 by 2030. While it's impossible to predict the exact worth of the staked SOL when it unlocks in thousands of years, Liu noted that even a modest annual appreciation of 2–5% could result in exponential growth over 3,000 years. This highlights the power of long-term compounding in financial markets. The staking of Solana for such an extended period has sparked discussions among users on X, with some speculating that it could be an attempt to create generational wealth or simply a whimsical stunt. Kadan Stadelmann, chief technology officer at blockchain platform Komodo, described the 3,000-year stake as a "meme trade" that could become a notable entry on the Solana blockchain. He pondered the future, questioning what the world and the blockchain landscape might look like in 3,000 years. Stadelmann also speculated that others might attempt to surpass this stake with even longer-term plays. Currently, Solana offers staking rewards ranging from 5% to 8%, depending on the platform and validator choice. In comparison, Cardano (ADA) offers starting rewards of around 2%, while Ether (ETH) provides staking rewards between 2% and 7%. Recently, four Solana whales profited over $200 million from a staking play initiated in April 2021, when they staked 1.79 million Solana, valued at $37.7 million at the time. A similar unlock is anticipated in 2028.