FTX has transferred approximately $455 million SOL to CEX, with about $1.53 billion SOL remaining

PANews December 12, according to Spot On Chain monitoring, since November 2023, FTX has unlocked and transferred 4.263 million SOL (approximately $454.8 million) from staking to Coinbase and Binance through 20 intermediary wallets, with an average price of $106.68 per SOL. Currently, FTX still holds 6.617 million SOL (approximately $1.53 billion) in staking and plans to continue unlocking about 170,000 SOL per month as part of its current sell-off plan.