Crypto exchange FTX/Alameda has redeemed and transferred a large amount of Solana (SOL) tokens from its staking address. This is part of a regular pattern of monthly activity, with millions of SOL tokens regularly being redeemed and transferred. Since November 2024, the address has redeemed 4.445 million SOL tokens worth approximately $516.88 million. The address currently holds 6.47 million SOL tokens valued at $1.18 billion. The transfers occur around the 12th to 15th of each month, with amounts approaching 170,000 SOL. The consistent pattern of transfers suggests a long-term strategy for asset distribution or preparation for future trading, while also indicating active management of digital asset holdings.



Other News from Today