FTX and Alameda Unlocked 194,800 Solana Worth $25.52 Million

FTX and Alameda Unlocked 194,800 Solana Worth $25.52 Million

EmberCN reports FTX and Alameda unstaked and distributed 194,800 SOL in December, continuing a large-scale $1.298 billion redemption since November 2023.

SOL

Fact Check
While none of the provided sources directly confirm the specific unlock of 194,861 Solana (SOL) tokens valued at $25.5 million, the available evidence makes the statement highly plausible. Three relevant sources from credible crypto news entities (CoinMarketCap and Cryptopolitan) consistently report on large-scale SOL token unlocks linked to the FTX estate. This establishes a strong contextual background that aligns with the claim. The sources mention a different, future unlock of 3.55 million SOL, which does not contradict the possibility of other, smaller unlocks having occurred as part of the same liquidation process. Furthermore, the valuation in the statement is internally consistent; $25.5 million for 194,861 SOL equates to a price of approximately $130.86 per token, a realistic market value. The remaining two sources are irrelevant as they pertain to the Aptos (APT) cryptocurrency. Given the strong contextual support from multiple sources and the lack of any contradictory evidence, the statement is assessed as likely true, though the confidence is 'medium' due to the absence of direct verification of the specific numbers.
Summary

On December 12, EmberCN reported that FTX and Alameda unstaked 194,800 Solana tokens valued at $25.52 million, distributing them to 26 addresses, many later sending funds to Coinbase or Binance. Since November 2023, the companies have redeemed 9.562 million SOL worth $1.298 billion and still hold 4.07 million SOL in staking positions.

Terms & Concepts
  • Solana (SOL): A high-performance blockchain platform known for fast transactions and low fees.
  • Token Unlock: The release of cryptocurrency tokens from a locked state, making them available for trading or transfer.