FTX/Alameda Redeems 192,000 SOL ($43.6M) From Staking — Majority Expected to Flow to Coinbase & Binance

FTX and Alameda Continue SOL Offload With $45M Redemption - Crypto Economy

TL;DR FTX and Alameda have redeemed 192,000 SOL, valued at nearly $45 million, continuing their steady liquidation of Solana assets. Despite these sales, over 4.18 million SOL—worth close to $1 billion—remains staked, signaling long-term value in Solana’s ecosystem. At the same time, Solana’s price momentum has remained positive, climbing over 14% in the last week, showing strong market confidence. FTX and Alameda Research have once again moved…

FTX/Alameda Redeems 192,000 SOL ($43.6M) From Staking — Majority Expected to Flow to Coinbase & Binance

The post FTX/Alameda Redeems 192,000 SOL ($43.6M) From Staking — Majority Expected to Flow to Coinbase & Binance appeared on BitcoinEthereumNews.com. FTX/Alameda redemption activity was flagged by on-chain analyst Yu Jin, who identified a withdrawal of 192,000 SOL (about $43.56 million) from staking roughly seven hours ago; the unstaked tokens were redistributed across multiple addresses, reflecting prior on-chain consolidation patterns. Histori…