FTX/Alameda Unstakes $432M in SOL Sending Tokens to Exchanges, Adds to SOL Price Pressure
- FTX/Alameda unstaked 3M SOL, contributing to market volatility and price fluctuations.
- Solana’s price dropped 19.46%, signaling waning investor confidence amid market downturn.
- Solana’s Fully Diluted Valuation remains high, suggesting long-term recovery potential.
FTX/Alameda Research performed the largest unstaking of Solana (SOL) tokens since November 2023, moving 3.03 million SOL, valued at roughly $432.5 million.
These tokens were sent to 37 wallets, likely to be deposited onto major exchanges like Coinbase and Binance. This action is part of a larger plan, with another 11.2 million SOL tokens scheduled to be released in early March 2025.
FTX/Alameda’s SOL Transfers to Exchanges Near $1 Billion
Since November 2023, FTX/Alameda has unstaked and transferred a total of 7.83 million SOL tokens (va…
The post FTX/Alameda Unstakes $432M in SOL Sending Tokens to Exchanges, Adds to SOL Price Pressure appeared first on Coin Edition.
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FTX/Alameda Unstakes $432M in SOL Sending Tokens to Exchanges, Adds to SOL Price Pressure
- FTX/Alameda unstaked 3M SOL, contributing to market volatility and price fluctuations.
- Solana’s price dropped 19.46%, signaling waning investor confidence amid market downturn.
- Solana’s Fully Diluted Valuation remains high, suggesting long-term recovery potential.
FTX/Alameda Research performed the largest unstaking of Solana (SOL) tokens since November 2023, moving 3.03 million SOL, valued at roughly $432.5 million.
These tokens were sent to 37 wallets, likely to be deposited onto major exchanges like Coinbase and Binance. This action is part of a larger plan, with another 11.2 million SOL tokens scheduled to be released in early March 2025.
FTX/Alameda’s SOL Transfers to Exchanges Near $1 Billion
Since November 2023, FTX/Alameda has unstaked and transferred a total of 7.83 million SOL tokens (va…
The post FTX/Alameda Unstakes $432M in SOL Sending Tokens to Exchanges, Adds to SOL Price Pressure appeared first on Coin Edition.
Read More
Positive News Barrage Hits Solana: Analyzing ETF and PayPal Moves