In the wake of FTX’s fall, the cryptocurrency community was left with many outstanding questions, one of which is currently developing in the Solana ecosystem. FTX and Alameda Research are unstaking more than $ 1 billion of SOL tokens, raising fears over the readiness of the market to absorb such a sell off.
There was already sufficient pricing pressure on Solana from the broader crypto market. And the movement of such a huge amount of tokens could add speculation into the otherwise stable Solana.
FTX Unstaking Over $1 Billion Solana
As of September 13, Lookonchain, a blockchain analytics platform, revealed that FTX and Alameda Research wallets have been unstaking large scales of solana for several months.
Over $1B worth of $SOL is being unstaked by FTX/Alameda!
In the past 3 months, FTX/Alameda has unstaked 530K $SOL($71K) and transferred it to multiple addresses, averaging 176.7K $SOL($23.5M) unstaked per month.
FTX/Alameda still has 7.06M $SOL($945.7M) staked.… pi
We współpracy z: https://www.thecoinrepublic.com/2024/09/13/ftx-unstaking-1b-solana-coins-will-the-market-react/
