FTX redeems $65 million in SOL while maintaining a stake of $162 million!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Nov 1, 2023 21:40

FTX Cold Storage #2 has redeemed 1,600,645 SOL, valued at $65.46M, from staking as of Monday, leaving 3,963,725 SOL still staked at the address. The FTX/Alameda address has also transferred 1,259,886 SOL, worth $40.67 million, to a centralized exchange since 10/25. The cryptocurrency SOL has gained 13% in just 24 hours, hitting a new high in a year at almost $41. This news showcases continued interest and investment in cryptocurrencies, even amid market volatility.