A cryptocurrency enthusiast has made a bold move by staking a minimal amount of Solana for an astonishing 3,000 years, as reported by a blockchain analytics company.
The unidentified individual staked $0.05 worth of Solana (SOL) in 2023, with the funds set to be released in the year 5138. This was highlighted in a recent update posted on social media.
According to an expert in the field, the action appears to be a symbolic demonstration of faith in the long-term potential of Solana’s ecosystem.
“Legacy staking is more than simply locking up assets; it embodies a mindset. In the realm of cryptocurrency, the true advantage lies in maintaining long-term conviction in your assets rather than chasing fleeting trends,” he remarked.
He added that this kind of perspective not only helps build investment portfolios but also creates lasting generational legacies.
As of now, SOL is trading at approximately $102, and a recent analysis from an investment firm forecasts that the token’s value could soar to between $2,300 and over $6,000 by 2030.
While it’s impossible to predict the value of the staked SOL when it eventually becomes available in a few millennia, the expert believes it could reach a substantial figure.
“If SOL sees an annual appreciation of just 2–5%, the compounding effect over 3,000 years would be exponential. Regardless of market fluctuations, long-term compounding remains one of the most potent financial forces,” he explained.
To illustrate further, if one were to compound 5 cents annually at a 3% interest rate, it would amount to over $486 undecillion (that’s 486 followed by 36 zeros) after 3,115 years.
However, it’s likely that the value of the staked Solana would exceed this due to the frequent staking rewards, which are distributed every two to three days and compounded.
Social media users are speculating whether this stake is an effort to build generational wealth or just a random act without any serious long-term intentions.
A blockchain technology expert suggested that this “3,000-year nickel play” on SOL might become a notable entry in the SOL blockchain’s history.
“What will the world look like in 3,000 years? Will humans or the Solana blockchain still exist? Such a vast timeframe encourages reflection on one’s place in the grand scheme,” he said, even pondering if someone might attempt to surpass this duration with a 5,000-year stake.
Currently, Solana offers staking rewards ranging from 5% to over 8%, depending on the platform and validator selected, whereas Cardano (ADA) starts around 2%, and Ether (ETH) typically offers rewards of 2% to 7%.
Recently, four major Solana investors profited over $200 million from a staking endeavor that began in April 2021—when they staked 1.79 million Solana worth $37.7 million at that time.
A similar stake release is anticipated in 2028.