FTX/Alameda Redeems 193,800 SOL From Staking Address and Likely Sends to Coinbase or Binance; 9.367M SOL Redeemed Since 2023, 4.048M SOL Still Staked

COINOTAG News, citing ChainNews, reported that the FTX/Alameda staking wallet redeemed 193,800 SOL tokens, valued at approximately $30.69 million, and distributed them to 28 addresses within a three-hour window. Observers note many recipients are routing SOL toward major venues, with Coinbase and Binance highlighted as probable destinations, underscoring active on/off-chain liquidity movement.

Since November 2023, the same staking address has redeemed and moved a total of 9.367 million SOL (about $1.27 billion) via the described process, averaging roughly $135.8 per SOL. The address currently holds roughly 4.048 million SOL staked, representing around $620 million in notional exposure, indicating persistent stake-level commitments despite ongoing transfers.