Crypto Blog
A wallet associated with the defunct crypto exchange FTX and its sister company Alameda Research has redeemed 177,693 Solana tokens, valued at approximately $23.75 million, from the Solana Proof-of-Stake network.from Solscan shows that the wallet in question, H4y…gFZ, still holds 7.057 million SOL, valued at around $954 million, currently staked.
It has caused speculation within the crypto community about a potential selloff, as market participants typically move their tokens to centralized exchanges for liquidation after unstaking them.
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