FTX Bankruptcy: $31.5M Solana Unstaked, Signaling Potential Market Impact

Recent movements within the FTX bankruptcy estate highlight a significant shift in the handling of cryptocurrency holdings. An on-chain analysis reveals that the FTX Alameda Research estate has unstaked a substantial 188,000 SOL tokens, worth approximately $31.5 million. This action follows the ongoing process of liquidating assets to satisfy creditors affected by the collapse of FTX and Alameda Research. The current activity indicates a potential for Solana (SOL) sales on major exchanges like Coinbase and Binance.