Alameda Research Unstakes $32M in Solana Amid Bankruptcy

Amidst its ongoing bankruptcy proceedings, Alameda Research has undertaken the unstaking of $32.2 million worth of Solana (SOL). This action adds potential selling pressure on the market. Market observers are closely watching for any significant SOL sales, as this follows a pattern of liquidation efforts initiated by Alameda since late 2022. Despite this significant transaction, Solana’s price remains largely stable.