Someone has staked 0.05 SOL for 3,000 years.

A cryptocurrency user has made a long-term staking transaction with Solana, staking 0.05 SOL for the next 3,000 years, according to information from blockchain analytics firm Arkham Intelligence.

This unidentified user staked 0.05 SOL in 2023, and this amount will be unlocked in 5138, Arkham said in a post on April 5 on X.

In an interview with Cointelegraph, Vincent Liu, the Investment Director of Kronos Research, stated that this move could be a symbolic action, reflecting strong confidence and commitment to the long-term ecosystem of Solana.

"Traditional staking is not just about locking assets, but also a mindset. The real advantage in cryptocurrency is not chasing short-term fads, but holding assets with long-term conviction through cycles," he said.

He also emphasized: "This type of thinking not only builds an investment portfolio but also creates a long-term legacy."

Currently, the price of SOL is trading at 100 USD, according to CoinMarketCap. A report in January from asset management firm Bitwise predicted that this token could be priced between 2,300 USD and over 6,000 USD by 2030.

Although it is impossible to know the exact value of SOL when it is unlocked after several thousand years, Liu believes that amount could be very large.

"If SOL increases in price by only 2–5% per year, compound interest over 3,000 years will become a very large number. Under any market conditions, long-term compound interest remains one of the most powerful financial forces," he said.

Staking Solana for over 3 millennia

To put it into context, 5 cents compounded annually at an interest rate of 3% will generate over 486 undecillion USD (486 followed by 36 digits 0) after 3,115 years.

However, the amount of Solana will be much larger, as the staking rewards are paid every two to three days and compound interest is also calculated.

Users on X are speculating that this could be an effort to create wealth over many generations, or just a random joke without any real long-term plan.

Kadan Stadelmann, the Chief Technology Officer of the Komodo blockchain platform, shared that he thinks "a 3,000-year transaction with a 5-cent coin on SOL is a meme transaction" that will one day be recorded on the Solana blockchain.

"What will the world be like in another 3,000 years? Will humanity still exist? Will the Solana blockchain still be around? Such a long time makes one reflect on their place in the whole," Stadelmann said.

He also speculated that people might try to get around this by "executing a 5,000-year transaction."

Currently, depending on the platform and validator choice, Solana can offer staking rewards from 5% to over 8%. Meanwhile, Cardano (ADA) can start at around 2%, and the staking rewards for Ether (ETH) typically range from 2% to 7%.

Four Solana whales have recently made over 200 million USD from a staking strategy that began in April 2021, when they staked 1.79 million Solana, worth 37.7 million USD at that time.

A similar unlocking is expected to take place in 2028.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do their own research before making any decisions. We are not responsible for your investment decisions.

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Thach Sanh

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