FTX, through its affiliated wallet, has unstaked 177,693 SOL tokens valued at $23.75 million from Solana's Proof of Stake network. Despite this large redemption, Solana (SOL) has shown price stability, maintaining a value of around $135, which signifies a 35% increase year-to-date.
It's noteworthy that the FTX wallet still holds a substantial amount of Solana tokens, around 7.057 million SOL, equivalent to $943 million, indicating FTX's significant involvement in the Solana network.
Upcoming significant events include Caroline Ellison's sentencing hearing scheduled for September 24. Additionally, FTX has been ordered to repay up to $16 billion in credits, which could impact the overall financial and operational strategies of the platform.
The post discussing these details appeared first on Blockonomi.
