FTX and Alameda wallets liquefied approximately 431 million SOL tokens.

FTX and Alameda wallets liquefied approximately 431 million SOL tokens.

✍️ A Fresh Take:

Hey there! Let's talk about the whopping 3.03 million Solana (SOL) tokens worth a cool $431 million that've been moving around lately. Yep, that's right—FTX and their pals Alameda have been shaking things up! Now, about 24,799 tokens (~$3.38 million) of that jaw-dropping batch have found a cozy new home on Binance.

This recent unstaking event is like the elephant in the room of the crypto world since it's the largest one since November 2023, when FTX and Alameda liberated a cool 2.1 million SOL worth $141 million. Fun fact: the unstaked tokens were distributed across 37 wallets! That's a lot of digital coinage, my friend.

Now, here's the kicker: Analysts are saying that the majority of these unstaked tokens were offloaded via Binance and Coinbase at an average price tag of $125.8 per coin. Whew, talk about some serious liquidity!

Speaking ofBinance, famous crypto exchange, former FTX customers with assets under $50,000 started seeing their first payouts in February 2025 through Kraken and BitGo.

But why stop at FTX and Alameda? The history of Solana token transfers involves a cast of characters like Binance, Coinbase, and more wallets. Here's a lowdown on the noteworthy happenings in the SOL corner of the crypto world:

1. FTX's Fallout and Alameda's Role
2. The implosion of FTX in 2022 set Solana on shaky ground as both FTX and its sister company Alameda Research held monumental SOL token stashes. This tanked SOL's price and reputation.
3. Although Alameda's potential SOL token sell-off was cause for alarm, the actual impact was less punishing than anticipated.
4. FTX Estate Token Transfers
5. The FTX estate shifted some of its SOL tokens to exchanges like Binance and Kraken in May 2025, temporarily knocking down Solana's price. However, it didn't lead to a prolonged slump.
6. Unstaking Events and Box Office Impact
7. While specific unstaking events haven't made headlines for big-time market impacts, FTX's shenanigans and integration with major exchanges have played a significant role in SOL's price volatility.
8. Market Performance
9. Despite the challenges, Solana has shown impressive grit, with its price bouncing back robustly in 2025. It's soared above $170 at times, reflecting investors' renewed enthusiasm.
10. Ecosystem Developments
11. The Solana ecosystem has been blossoming, with projects like Firedancer intended to boost network performance. These advancements help maintain SOL's equilibrium, potentially softening the blow of unstaking events.

So there you have it! While unstaking events may not make front-page news, the broader universe of FTX's estate transactions and SOL integrations continue to dominate the crypto scene. And Solana, despite the hurdles, remains a resilient and popular choice among investors. Keep an eye on this space, folks—things are always hopping in the world of cryptocurrency!

1. The unstaked Solana tokens from FTX and Alameda's batch worth $431 million were primarily offloaded on the Binance and Coinbase platforms, showcasing the influence of these two platforms in the finance sector of the crypto industry.
2. The recent unstaking event of Solana tokens, involving Binance, Coinbase, and other wallets, has contributed to the market volatility within the crypto industry, particularly the industry segment dealing with finance and asset trading.

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