Solana Under Pressure: Alameda Unstakes $35M SOL, Amidst Market Uncertainty

Solana’s price is facing renewed selling pressure as large holders withdraw significant amounts of the cryptocurrency from exchanges. This follows a series of withdrawals by prominent players like Galaxy Digital and raises questions about Solana’s future trajectory. 190,821 SOL worth approximately $35.5 million have been unstaked by Alameda Research, an entity linked to FTX, raising eyebrows given the timing coincides with upcoming legal obligations for creditors. This move, alongside earlier withdrawals from Galaxy Digital and others, suggests a strategic shift in strategy.