2024

Solana

Billion

Coin

<ul class="wp-block-list news-points">
 <li>FTX/Alameda’s $1B SOL unstaking signals potential market volatility for Solana.</li>
 <li>SOL’s $134 support, $135.05 resistance key in shaping near-term price movement.</li>
 <li>Neutral RSI and MACD below signal line suggest potential short-term price decline.</li>
</ul>
FTX and Alameda Research have unstaked a massive amount of Solana ($SOL) — over $1 billion worth — in the past three months. According to Lookonchain data, this significant unstaking activity involves 530,000 $SOL valued at $71 million, spread across multiple addresses.
On average, these entities have unstaked roughly 176,700 $SOL per month, equivalent to $23.5 million. <a href="https://coinedition.com/ftx-repayment-plan-in-sec-crosshairs-stablecoin-use-questioned/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">FTX/Alameda</a> still holds a sizable 7.06 million $SOL, valued at approximately $945.7 million.
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 Over $1B worth of <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> is being unstaked by FTX/Alameda! In the past 3 months, FTX/Alameda has unstaked 530K <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($71K) and transferred it to multiple addresses, averaging 176.7K <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($23.5M) unstaked per month. FTX/Alameda still has 7.06M <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($945.7M) staked.… <a href="https://t.co/lhfVDsEc99" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/lhfVDsEc99</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1834498508478693526?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 13, 2024</a>
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This substantial unstaking could influence Solana’s current market dynamics. At press time, Solana’s price sits at <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow">$134…</a>
The post <a href="https://coinedition.com/ftx-and-alameda-unstake-over-1-billion-in-solana-impacting-sol-price/" rel="noopener noreferrer nofollow">FTX and Alameda Unstake Over $1 Billion in Solana, Impacting SOL Price</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

FTX and Alameda Unstake Over $1 Billion in Solana, Impacting SOL Price

Coin Edition

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