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Solana’s SOL Surges After Blockchain's Foundation Delays Plan to Unstake Tokens

The price of SOL surged in digital-asset markets after the Solana Foundation, which supports development on the blockchain, said it would postpone a plan to unstake some 28.5 million tokens. A total of 63 million SOL was previously ready to be unstaked at the conclusion of the Solana blockchain’s “epoch 370” staking lock-up period, according to a statement from the Solana Foundation on Thursday.

The foundation had tweeted late Wednesday that about 28.5 million SOL tokens scheduled to be unstaked had been re-staked due to a policy change of cloud service provider Hetzner on Nov. 2. Those tokens are owned by the Solana Foundation’s treasury and had been staked as part of a delegation program, according to the tweet.

“While 28.5M SOL was in the process of being unstaked during this epoch, the plan to unstake has now been postponed, and all 28.5M SOL have now been re-staked,” according to the tweet thread.

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