FTX and Alameda wallets unstake $431M in SOL

FTX and Alameda unstaked 3 million Solana tokens worth $431 million, marking their largest SOL unlock since November 2023.

Wallets belonging to the defunct crypto exchange FTX and bankrupt trading firm Alameda Research unstaked over 3 million Solana tokens, its largest SOL unlock since it started selling off company tokens in November 2023.

On March 4, blockchain analytics firm Lookonchain flagged FTX and Alameda’s wallets unstaking 3.03 million Solana (SOL). At the time of the unlock, the tokens were worth around $431 million. 

Since unlocking staked SOL, the bankrupt crypto firms have deposited about 25,000 SOL worth roughly $3.3 million at Binance. 

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