FTX/Alameda Redeems 190,832 SOL Valued at $35.52 Million

PANews and Ember's monitoring indicate FTX/Alameda recently redeemed 190,000 SOL, worth $34.09 million, distributed across 29 addresses, adding to cumulative redemptions of 8.788 million SOL since November 2023 with transfers largely to Coinbase or Binance.

SOL

Summary

According to PANews on August 12, Ember's monitoring reported that the FTX/Alameda staking address redeemed and transferred out 190,000 SOL valued at approximately $34.09 million, distributing them to 29 addresses. Historical records show cumulative redemptions of 8.788 million SOL (valued at about $1.159 billion at an average of $132 per coin) since November 2023, with 4.727 million SOL remaining staked.

Terms & Concepts
  • Staking: A process where cryptocurrency is locked up to support network operations and earn rewards.
  • SOL: The native token of the Solana blockchain, used for transactions and network activities.