FTX/Alameda Unstaked $432.5 Million in $SOL, Likely to Fuel Deposits to Coinbase and Binance
A significant action in the world of cryptocurrency has just unfolded. FTX/Alameda has unstaked and distributed 3.03 million Solana ($SOL), worth about $432.5 million, to 37 different wallets. This move comes just hours before this writing, and the Imminent Act of Distribution (a.k.a. "the IAD") is causing quite a stir in the community. What was the intention? Is it a preliminary step in a larger plan? Why do it now with so much Solana? The next few hours and days may provide the answers. FTX/Alameda's Largest Unstaking Since November 2023 The most recent transaction represents the biggest unstaking event carried out by FTX/Alameda since November 2022. It is a clear indication that the troubled crypto firm might be attempting to make some kind of significant change in the marketplace. This move was timed very closely with the upcoming release of […]