FTX Unstakes $28 Million in SOL, Triggering Fears of Another Selloff
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FTX and Alameda Research unstaked 178,631 Solana (SOL), valued at approximately $28 million, from a wallet tied to the collapsed crypto exchange on Tuesday, October 15.
This large-scale unstaking has raised concerns among market observers and Solana investors about a potential selloff that could affect SOL’s price.
The unstaked tokens are expected to be split across multiple wallets, with a substantial portion likely being transferred to major exchanges like Binance and Coinbase.
Solscan tracked the latest FTX SOL transaction on early hours of Tuesday.
On-chain analyst @EmberCN noted that the unstaked SOL tokens, previously part of Solana’s proof-of-stake system, are likely headed to exchanges like Coinbase and Binance.
FTX/Alameda 的 SOL 质押地址 H4y…gFZ 在 4 小时前赎回了 178,631 枚 SOL ($28M)。
根据此前的转移记录，这些 SOL 随后会分发至多个地址，其中大部分会在后续流入 Coinbase 或 Binance。
他们的 SOL 转移目前比较规律：会在每个月 12-15 号时赎回并转出 17 万枚左右的 SOL。
而目前 H4y…gFZ… https://t.co/lofeYFnFwx pic.twitter.com/4eF00PrFn4
This pattern has been consistent over recent months, with similar transactions occurring between the 12th and 15th of each month, fueling speculation about further selloffs.
For instance, in September, FTX unstaked over 530,000 SOL, valued at around $71 million.
These assets were distributed across multiple wallets, with monthly SOL redemptions averaging 176,700 tokens, or about $23.5 million.
In one notable case, FTX redeemed 177,693 SOL in a single transaction, worth $23.75 million.
Despite these frequent transfers, FTX and Alameda Research still hold approximately 7.06 million SOL,
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