FTX Continues Monthly Solana Sales, Unstaking Another $44.9 Million

FTX and its sister company Alameda Research have continued their consistent pattern of liquidating SOL tokens. They just unstaked another 192,000 SOL, valued at roughly $44.9 million, bringing the total amount redeemed since November 2023 to over 8.98 million tokens worth approximately $1.2 billion. This monthly liquidation continues at a pace set in motion in November 2023. This strategy reflects a calculated approach to recouping funds for creditors while minimizing market impact. 192K SOL represent the latest of these unstaked tokens, and they follow the same monthly pattern that began back in November.