FTX/Alameda Redeems 178,631 SOL Amidst Regular SOL Transfers to Coinbase and Binance

On October 15, COINOTAG reported a significant transaction involving the **SOL** staking address associated with **FTX/Alameda**. Recent monitoring from **Ember** revealed that the address H4y…gFZ executed a redemption of **178,631 SOL**, translating to approximately **$28 million**. Historical transfer patterns indicate that these **SOL** tokens are likely to be allocated across multiple wallets, predominantly funneled towards trading platforms such as **Coinbase** or **Binance**. Observing the consistent withdrawal behavior, it is noted that the **FTX/Alameda** address typically executes a redemption of around **170,000 SOL** between the 12th and 15th of each month. Presently, the H4y…gFZ address maintains a substantial stake of **7.09 million SOL**, valued at an impressive **$1.107 billion**. This ongoing activity highlights the strategic asset management practices employed by **FTX** and **Alameda** in enhancing liquidity within the market.