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Crypto

FTX Unstake Sells Off $20 Million Worth of Solana Holdings

Guavy AI Editorial Team
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Bankrupt crypto exchange FTX and its affiliate Alameda Research have made a significant move regarding their Solana (SOL) holdings. According to on-chain data from Onchain Lens, addresses tied to FTX and Alameda Research recently unstaked 202,710 SOL, worth approximately $20.62 million at current prices.

The transferred tokens were moved to wallets linked to the bankruptcy proceedings. This development comes as FTX is navigating its financial difficulties after filing for Chapter 11 bankruptcy protection.

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