A significant amount of Solana (SOL) has been unstaked from an address associated with the now-defunct FTX exchange. This recent development, involving nearly $24 million worth of SOL, raises questions about potential market impact and the future trajectory of Solana’s price.

FTX’s Unstaking of Solana

On September 11, 2024, a wallet linked to FTX, the crypto exchange that collapsed last year, unstaked a substantial 177,693 SOL tokens.&middot

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