Bullish sentiments around Solana remains intact as an FTX/Alameda-tied wallet unstakes $23.75 million worth of SOL.
Solana experienced a period of increased selling pressure after the FTX implosion, as the defunct exchange had a large share of the “Ethereum killer.” Although FTX and Alameda have sold most of their SOL holdings, an address tied to the US-based crypto venture holds a substantial amount of Solana.
Per Solscan, a wallet address tied to the defunct exchange unstaked 177,693 SOL, worth nearly $24 million, late Wednesday. Although the wallet has not moved the funds to a centralized exchange, speculations of an impending sale have circulated within the crypto community.
