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.