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by: xpoolPosted on: April 11, 2025

FTX Unlocks $21.5 Million in Solana, Spark Concern for Market Sentiment

FTX and its affiliated entity, Alameda Research, have unstaked a significant amount of Solana (SOL) worth around $21.5 million. This action, tracked on-chain, raises questions about potential token liquidation and its impact on the Solana market. 186,326 SOL tokens were released today, part of the bankrupt exchange’s ongoing efforts to recover funds and fulfill creditor obligations.

Related posts:

  1. FTX Unstakes $21 Million in SOL: Is Solana Heading for a Price Crash?
  2. Solana Whales Dump Tokens Amid Market Downturn
  3. FTX Sues Sam Bankman-Fried Over Asset Recovery, Sparking Concerns About Crypto Stability
  4. Is Solana Doomed? How Mutuum Finance Could Surge 12x in Q2 2025
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