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The net worth of Solana founder Anatoly Yakovenko is estimated to be between $500 million and $1.2 billion, according to analysts from Arkham. The majority of the crypto entrepreneur’s wealth is composed of SOL tokens and a stake in Solana Labs.
The address 9QgXq, which is believed to belong to Yakovenko, holds over 136,000 SOL (approximately $11 million). Between August and November 2024, more than 3 million SOL were withdrawn from this address. Of that amount, over 1.5 million SOL were redeployed to new addresses. If these wallets are also under Yakovenko’s control, the total value of his SOL holdings could reach around $122 million, representatives from Arkham stated.
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Analysts have also linked a wallet with the username Toly to Yakovenko, which contains about $16,500 in liquid assets. The valuation of Solana Labs, where Yakovenko owns a 5–10% stake, is estimated at $5–8 billion. Consequently, Yakovenko’s share could be valued between $250 million and $800 million.
However, Yakovenko is not the largest holder of SOL tokens. The largest confirmed corporate holder of the coins, Forward Industries, possesses 6.9 million SOL (approximately $583 million). Galaxy Digital acquired around 25.5 million SOL at an auction for assets from the bankrupt crypto exchange FTX. Currently, Galaxy Digital holds between 6–8 million SOL. Pantera Capital purchased about 13.7 million SOL, of which 60–70% have already been unlocked; the current holding is estimated at 3–5 million SOL.
Recently, the hedge fund Alameda Research, a subsidiary of the collapsed FTX in 2022, distributed $15.6 million in Solana cryptocurrency among affected creditors of the parent company.
