A wallet associated with the bankrupt FTX exchange recently unstaked 177,693 SOL tokens, worth $23.75 million, from Solana, sparking concerns of a potential sell-off. This move follows FTX's earlier sale of Solana assets to institutional investors. Despite these concerns, Solana's price has continued to rise, with a 2.5% increase in the last 24 hours. The wallet still holds a significant amount of SOL, approximately 7.1 million tokens valued at around $953 million, which could impact the market if sold. Meanwhile, FTX's sister company, Alameda Research, has been moving assets to exchanges as part of its liquidation efforts.
