🚨 FTX Unstakes More Solana: Selloff Fears Loom 🚨
- FTX has redeemed 178,631 Solana (SOL) tokens from its staking address, likely heading to major exchanges like Binance and Coinbase.
- This move aligns with FTX's regular SOL transfers, typically between the 12th and 15th of each month.
- The address still holds 7.09 million SOL, valued at over $1.1 billion, sparking selloff concerns.
- Since its 2022 collapse, FTX has been liquidating assets to repay creditors, with a Delaware judge approving cash repayments earlier this month.
💬 What are your thoughts on FTX’s ongoing liquidation? Comment below!