• bitcoinBitcoin (BTC) $ 82,629.00 1.88%
  • ethereumEthereum (ETH) $ 1,881.70 2.27%
  • tetherTether (USDT) $ 0.999967 0.01%
  • xrpXRP (XRP) $ 2.31 5.29%
  • bnbBNB (BNB) $ 599.25 0.47%
  • solanaSolana (SOL) $ 129.94 3.29%
  • usd-coinUSDC (USDC) $ 0.999899 0%
  • cardanoCardano (ADA) $ 0.707396 5.37%
  • dogecoinDogecoin (DOGE) $ 0.168154 3.97%
  • tronTRON (TRX) $ 0.214651 4.01%
  • bitcoinBitcoin (BTC) $ 82,629.00 1.88%
  • ethereumEthereum (ETH) $ 1,881.70 2.27%
  • tetherTether (USDT) $ 0.999967 0.01%
  • xrpXRP (XRP) $ 2.31 5.29%
  • bnbBNB (BNB) $ 599.25 0.47%
  • solanaSolana (SOL) $ 129.94 3.29%
  • usd-coinUSDC (USDC) $ 0.999899 0%
  • cardanoCardano (ADA) $ 0.707396 5.37%
  • dogecoinDogecoin (DOGE) $ 0.168154 3.97%
  • tronTRON (TRX) $ 0.214651 4.01%
  • bitcoinBitcoin (BTC) $ 82,629.00 1.88%
  • ethereumEthereum (ETH) $ 1,881.70 2.27%
  • tetherTether (USDT) $ 0.999967 0.01%
  • xrpXRP (XRP) $ 2.31 5.29%
  • bnbBNB (BNB) $ 599.25 0.47%
  • solanaSolana (SOL) $ 129.94 3.29%
  • usd-coinUSDC (USDC) $ 0.999899 0%
  • cardanoCardano (ADA) $ 0.707396 5.37%
  • dogecoinDogecoin (DOGE) $ 0.168154 3.97%
  • tronTRON (TRX) $ 0.214651 4.01%
  • bitcoinBitcoin (BTC) $ 82,629.00 1.88%
  • ethereumEthereum (ETH) $ 1,881.70 2.27%
  • tetherTether (USDT) $ 0.999967 0.01%
  • xrpXRP (XRP) $ 2.31 5.29%
  • bnbBNB (BNB) $ 599.25 0.47%
  • solanaSolana (SOL) $ 129.94 3.29%
  • usd-coinUSDC (USDC) $ 0.999899 0%
  • cardanoCardano (ADA) $ 0.707396 5.37%
  • dogecoinDogecoin (DOGE) $ 0.168154 3.97%
  • tronTRON (TRX) $ 0.214651 4.01%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 0.52 Gwei

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ARTICLE INFORMATION

FTX and Alameda Research Unstake

FTX and Alameda Research Unstake Solana Tokens Amid Liquidation Strategy

Salma Al-Tamimi Salma Al-Tamimi

FTX and Alameda Research unstake a massive amount of Solana (SOL) tokens as part of their ongoing liquidation process.

The bankrupt crypto firms moved approximately $431 million worth of SOL, sparking concerns among investors about its potential impact on the market.

The unstaking event follows a series of asset liquidations by FTX and Alameda Research, which have been working to recover funds for creditors. This latest move involved over 7.5 million SOL tokens becoming available for sale, raising speculation about whether the market will experience downward pressure.


Solana Click here for more DetailsMarket Reaction to FTX’s Moves

Solana’s price remained relatively stable after the unstaking event, with only minor fluctuations. Market analysts suggest that while the sell-off could cause short-term volatility, Solana’s strong ecosystem and developer activity may help it withstand any potential downturn.

FTXClick here for more Details and Alameda Research have been systematically offloading assets since their bankruptcy filing in 2022. Their FTX and Alameda Research unstake plan allows them to sell crypto holdings at a controlled pace to avoid excessive market disruption. Despite this, large token movements often lead to speculation and fear in the market.

The unstaking of Solana tokens is a necessary step for FTX and Alameda to access and sell the assets. When SOL is staked, it remains locked for a period, earning rewards while contributing to network security. By unstaking, FTX gains the ability to sell these tokens on exchanges or through private deals.

FTX’s bankruptcy proceedings involve selling various assets to repay creditors. The firm’s SOL holdings have been closely watched, as large token movements from their wallets could impact market liquidity and investor sentiment.

Future Outlook for Solana

Despite the concerns, Solana continues to thrive with growing institutional interest and developer adoption. While FTX and Alameda Research’s liquidation poses a challenge, the network’s fundamentals remain strong.

Market participants will continue to monitor future unstaking and selling activities, but the long-term outlook for Solana appears resilient. If the market absorbs these sales without major disruption, Solana’s ecosystem could continue to grow despite the setbacks from FTX’s collapse.

ANOTHER MUST-READ: Yuga Labs SEC Investigation Closure: A Turning Point for NFTs?

Why did FTX and Alameda Research unstake Solana tokens?

FTX and Alameda Research unstaked Solana tokens to make them available for liquidation as part of their bankruptcy proceedings. Staked tokens remain locked and earn rewards, but unstaking allows firms to sell the assets to repay creditors.

Will the unstaked SOL tokens cause a price drop?

While large token movements can create market volatility, Solana’s price has remained relatively stable. The liquidation process is structured to minimize disruptions, but traders should stay cautious about further selling pressure.

How does Solana benefit from staking?

Staking helps secure the Solana network while allowing participants to earn rewards. It also reduces the circulating supply, which can help stabilize prices. However, when tokens are unstaked and sold in large amounts, it can affect market dynamics.

What’s next for FTX and Alameda Research?

FTX and Alameda will continue liquidating assets to settle debts with creditors. Their holdings include various cryptocurrencies, so investors are closely monitoring future sales to assess potential market impacts.

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