FTX and Alameda’s November activity reflects continued large-scale SOL redemptions, with most tokens channeled to major exchanges as part of an ongoing asset repositioning strategy.
On November 13, FTX and Alameda redeemed 193,800 Solana (SOL) worth $30.69 million from staking addresses, sending them to 28 separate wallets, many of which later transferred holdings to Coinbase or Binance. Since November 2023, the two entities have redeemed and moved a total of 9.367 million SOL worth $1.27 billion. As of the latest update, 4.048 million SOL valued at $620 million remain staked.