- Volume and Frequency of SOL Unstaking
- Crypto Community Reaction
- Context and Potential Impact
In recent months, a significant amount of Solana ($SOL) tokens have been unstaked from the FTX/Alameda platform. Blockchain data indicates over $1 billion worth of SOL is gradually being unstaked from platform addresses.
Volume and Frequency of SOL Unstaking
FTX/Alameda has unstaked a total of 530K SOL, equivalent to $71,000, in the last three months. This unstaking effort involves multiple transfers to various addresses, with an average monthly unstake rate of 176.7K SOL (approximately $23.5M per month).
Crypto Community Reaction
According to Lookonchain, this activity has led to speculation among the crypto community about FTX/Alameda’s intentions and potential market impact. Despite the sizable withdrawals, FTX/Alameda still retains a substantial stake in Solana, holding 7.06 million SOL, which at current market prices translates to approximately $945.7M.
Context and Potential Impact
The recent withdrawals have sparked discussions, especially in light of FTX/Alameda’s ongoing legal and financial challenges. Analysts are closely monitoring whether these funds will be liquidated or redeployed. The ongoing unstaking pattern suggests more withdrawals may follow and could significantly impact Solana’s staking ecosystem and market sentiment.
This article sheds light on the significant unstaking activities involving one of Solana’s largest institutional stakeholders, with broader implications for both Solana and FTX/Alameda’s future strategies.
