In a significant move, FTX and its trading affiliate Alameda Research have recently liquidated 3.03 million SOL tokens, valued at approximately $4.313 billion, as reported by LookIntoChain monitoring on March 4th. This unbonding of SOL, a native cryptocurrency of the Solana blockchain, raises eyebrows within the crypto community, particularly given the timing and scale of the transaction. Such large-scale transfers can impact market liquidity and investor sentiment significantly.
The transfer was distributed across multiple wallets, indicative of strategic asset management amidst fluctuating market conditions. Industry analysts are closely watching these developments, as they may hold implications for both the performance of SOL and the overall sentiment surrounding major players in the crypto market. This event underscores the importance of monitoring blockchain transactions for insights into institutional movements in the space.
Source: https://en.coinotag.com/breakingnews/ftx-alameda-moves-3-03-million-sol-a-4-3-billion-unbonding-shift/