FTX Unstakes Another 192K SOL Worth $44.9M
FTX and Alameda unstake 192K SOL, continuing their monthly SOL liquidation pattern since November 2023.
- FTX and Alameda unstake 192K SOL, valued at $44.9M.
- Total of 8.98M SOL redeemed since November 2023.
- Monthly liquidation pattern remains unchanged.
FTX and its sister company Alameda Research have unstaked another 192,000 SOL tokens, equivalent to roughly $44.9 million. This move continues the firms’ consistent monthly liquidation pattern that began in November 2023.
According to data from blockchain tracking service @EmberCN, the companies have redeemed approximately 8.98 million SOL so far—worth nearly $1.2 billion. The average redemption price stands around $134 per token, suggesting strategic liquidation timing during market highs.
This unstaking event is part of the ongoing efforts by the FTX estate to recover funds for creditors in the wake of its 2022 collapse.
A Clear Pattern Since November 2023
The latest 192K SOL unstaking aligns perfectly with a well-documented trend. Every month since November 2023, FTX and Alameda have unstaked and sold large amounts of SOL, sticking to a schedule that appears designed to minimize market disruption while maximizing recovery value.
The consistent timing and scale of these transactions reflect a calculated approach, aimed at recouping funds responsibly without triggering massive sell pressure that could spook the market.
Market Watching Closely as Liquidation Continues
The crypto community is keeping a close eye on these developments, particularly as they have the potential to affect Solana’s price in the short term. However, due to the predictable nature of these monthly liquidations, the impact has so far been relatively contained.
With billions still locked in FTX-related wallets, further unstaking events are expected in the coming months unless there is a change in legal or financial strategy. Investors and analysts alike will be monitoring the estate’s next moves closely.
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