- FTX/Alameda commonly buys and transfers tens of millions of SOL tokens.
- Over 4.4 million SOL traded since November 2024, value $516.88 million.
- The FTX/Alameda staking tackle holds over 6.7 million SOL, valued at $1.43 billion.
FTX/Alameda continues to repurchase and switch giant quantities of Solana (SOL) from its staking tackle. Simply three hours in the past, roughly 182,421 SOL (value roughly $32.35 million) have been exchanged and despatched to twenty totally different addresses.
This follows the same sample of month-to-month exercise over the previous yr, with FTX/Alameda commonly shopping for again and transferring tens of millions of SOL tokens.
Supply:
Since November 2024, the FTX/Alameda staking tackle has repurchased 4.445 million SOL tokens, value roughly $516.88 million. The typical switch worth of those tokens is round $116.2 every.
The tackle at the moment holds 6.47 million SOL (valued at $1.18 billion) staked within the system. These tokens evolve at common intervals, primarily across the twelfth to the fifteenth of every month, with quantities approaching 170,000 SOL. And in December 2024, FTX/Alameda repurchased and transferred 181,232 SOL (value $41.46 million) to twenty totally different addresses.
This newest switch provides to the rising variety of SOL tokens being moved throughout a number of addresses. The full variety of SOLs redeemed and transferred since November now exceeds 4.26 million, value roughly $484.53 million.
Associated: FTX and Alameda Maintain Over $1 Billion in Solana, Impacting SOL Value
The continued frequency of SOL redemptions
These SOL redemptions proceed at a excessive frequency, with a mean switch of roughly 170,000 SOL every month. At this fee, FTX/Alameda will probably distribute the remaining staked SOL tokens over the following few years.
These tokens stay staked at FTX/Alameda, which now holds 6.764 million SOL, valued at roughly $1.428 billion.
This constant sample of transfers might point out a long-term technique for distributing property or making ready for future transactions. The regular movement of SOL to main exchanges may additionally recommend that FTX/Alameda is actively managing its digital asset holdings to adapt to market circumstances or enterprise wants.
Associated: FTX/Alameda Transfers $28M in SOL from Staking, Analysts Eye Coinbase, Binance
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