A wallet linked to FTX and Alameda has unstaked 177,693 SOL ($23.75 million). The coins can be transferred to centralized exchanges for sale.
SOL withdrawal from staking. Details: Solscan.
In total, the wallet holds over 7 million SOL ($952 million) in staking. Most of the coins owned by FTX could have been sold on OTC.
FTX previously completed a series of auctions to sell $2.6 billion worth of SOL at significant discounts to the market price.
According to PeckShieldAlert, an address linked to Alameda transferred 143,800 WLD ($200,000) to Binance and 373 AAVE ($55,300) to Coinbase. Transactions to exchanges are typically treated as sales.
#PeckShieldAlert #Alameda-labeled address has transferred 143.8K $WLD (worth ~$200K) to #Binance & 373 $AAVE (worth ~$55.3K) to #Coinbase within the last 8 hours pic.twitter.com/dEOj2ro6Zu
— PeckShieldAlert (@PeckShieldAlert) September 12, 2024
In late August, FTX announced overwhelming support from creditors for its updated reorganization plan. The exchange will submit final figures to the Delaware District Court before its October 7, 2024 hearing.
SEC declared to the court its right to challenge payments denominated in stablecoins.
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Source: Cryptocurrency
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