UNLOCK ALERT!
The assets of #FTX release another $44.9 million in #solana from staking
The assets of FTX and #Alameda have made another significant transfer of #sol , unlocking approximately 192,000 SOL from their staking positions. These tokens, valued at around $44.9 million, have been withdrawn from the network, continuing with the monthly asset liquidation schedule that the bankrupt company has followed.
Monthly Unlock: This is the latest in a series of movements that have seen the assets of FTX and Alameda release a total of 8.98 million SOL (valued at $1.2 billion) from staking since November 2023.
Market Impact: While the amount is part of a well-known process, the Solana market is always alert to these transfers, as they could increase selling pressure if the tokens are liquidated.
Still Gigantic Holdings: Despite the recurring unlocks, the assets of FTX and Alameda still hold a considerable amount of SOL. According to Solscan data, approximately 4.18 million SOL, with a current value of around $977 million, remain in staking.
