Wallets Affiliated with FTX and Alameda Unstake $431M in SOL
Date: 2025-03-05 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
A portion of these assets, 24,799 SOL ($3.38 million), were transferred to Binance, Lookonchain reported.
According to Spot On Chain, the funds were distributed among 37 wallets. This is the largest withdrawal of tokens since November 2023, when the companies withdrew 2.1 million SOL worth $141 million.
In total, 7.83 million SOL, worth $986 million, were unstaked from platforms affiliated with FTX and Alameda. Analysts note that most of these assets were subsequently sold through Binance and Coinbase at an average price of $125.8 per token.
Earlier, on February 18, former FTX clients with assets up to $50,000 began receiving their first payouts via Kraken and BitGo.
