FTX Unstakes $31M Solana Amid Crypto Market Rally, Is a Sell-Off Coming?

Can Solana (SOL) hit $184 after FTX, Alameda unstake $31 million?

Solana (SOL) has been flashing strong bullish momentum, backed by multiple technical breakouts and growing trader confidence...

CoinStats - FTX Moves $31 Million in Solana as Chinese Cr...

FTX unstaked Solana tokens worth over $31 million on July 11. The total number of tokens removed from staking was 189,851 SOL, according to on-chain data from Lookonchain. The tokens were valued at $30.94 million at the time of transfer. They were moved from a validator address connected to the collapsed exchange. FTX has executed […] The post FTX Moves $31 Million in Solana as Chinese Creditors Face Claim Freeze appeared first on CoinChapter.

FTX Unstakes $31M Solana Amid Crypto Market Rally, Is a Sell-Off Coming?

In a fresh move, FTX has once again unstaked millions worth of SOL, raising fresh questions about possible sell pressure during an already heated bull run. While some traders see it as routine, others warn it could spark short-term volatility in this bull market. $31 Million in SOL Unstaked in FTX’s Latest Move Lookonchain reported The post FTX Unstakes $31M Solana Amid Crypto Market Rally, Is a Sell-Off Coming? appeared first on CoinGape.

Chinese Creditors Challenge $1.4B Exclusion from FTX Bankruptcy Claims

35+ Chinese creditors have submitted court objections to prevent exclusion. FTX Recovery Trust places $1.4 billion in claims under dispute, including $380 million from China. Legal filings indicate possible exclusion of restricted and non-KYC claims. A group of Chinese creditors is fighting back against their exclusion from the FTX bankruptcy process, as $1.4 billion in claims remain unresolved. Over $380 million in claims from China are at risk…

FTX Creditor Fights Back as Recovery Trust Moves to Block Chinese and Global Users from $16B Payout

Key highlights: • A Chinese FTX user representing 300 others has formally objected to a bankruptcy clause excluding creditors based on geography. • The proposal could deny payouts in 49 countries, with 82% of the affected claim value linked to China. Yello Paradisers! The fallout from FTX’s $16 billion collapse is far from over, and now, it’s not just about missing crypto. It’s about who gets paid back, and who’s cut out, purely based on where t…