FTX/Alameda Unstakes 187,600 SOL in Bankruptcy Process

FTX/Alameda Research has recently unstaked a substantial amount of Solana (SOL) tokens, totaling approximately $32.4 to $32.8 million, as part of the ongoing bankruptcy proceedings. This action could influence the price dynamics of the Solana ecosystem and broader crypto markets. FTX/Alameda’s decision to unstake these SOL tokens comes amidst the broader bankruptcy process initiated in 2022 due to shifting market conditions. Despite this unstaking, they still hold a significant amount of staked tokens, totaling 5.2 million, indicating a strategy focused on asset liquidation and repayment to creditors.