Cryptocurrency wallet H4y…gFZ, reportedly associated with FTX or Alameda, has recently redeemed 177,693 Solana tokens from the Solana Proof-of-Stake (PoS) network.
FTX, once one of the largest holders of Solana coins, sold off significantly during the November 2022 crash.
Concerns arise whether FTX will now dump all these Solana coins to centralized exchanges (CEXs).