FTX/Alameda Unstakes $31M in SOL Amid Market Concerns

FTX/Alameda unstaked 189,851 SOL, valued at $31.94 million, on July 11, 2025. This unstaking raises market speculation and potential price volatility for Solana.

FTX’s latest $31 million SOL unstaking activity incites market speculation and potential price shifts for Solana amidst bankruptcy proceedings.

FTX’s Unstaking of Millions in SOL Raises Eyebrows

FTX/Alameda’s recent action of unstaking 189,851 SOL, valued at $31.94 million, is notable. The unsanctioned asset movement occurs as bankruptcy administrators manage liquidation of holdings. Out of 5.07 million SOL currently managed with approximately 4.88 million staked, scrutiny ensues.

Immediate implications involve potential market impact as the increased circulating supply might affect prices. This unstaking might hint at subsequent liquidation efforts, further shaping market dynamics.

Market analysts along with blockchain expert [@lookonchain shared transactional data], suggesting awareness of potential price shifts. No decisive public comments have emerged from FTX’s former officials or industry leaders concerning this adjustment so far.

Analyzing Solana’s Market Dynamics Amid FTX’s Moves

Did you know? Historical actions by FTX/Alameda often prime the market for alerts. Despite large unstakings, Solana’s price stability has occasionally withstood substantial on-chain shifts in the past.

Solana is currently priced at $162.55 with a market cap of $87.13 billion, according to CoinMarketCap. Its 24-hour trading volume of $7.28 billion reflects a 28.78% change. Recent price indicators show Solana experienced a 9.97% rise over the past 7 days, while fluctuating moderately over 60 days.

Coincu analysts highlight potential for increased market liquidity and regulatory scrutiny, given the substantial stakes held by bankruptcy-managed entities. Monitoring mechanisms may evolve as Solana’s ecosystem adapts to market fluctuations.