On April 12th, COINOTAG News reported a significant movement in the cryptocurrency market as **on-chain data analyst** Yujin Monitoring highlighted a transfer of **186,000 SOL** from an **FTX/Alameda** address, valued at approximately **$21.56 million**. This transfer, executed six hours prior, was distributed among **22 different addresses**. Historical patterns suggest that most recipients are likely to **liquidate** their SOL holdings on major exchanges like **Coinbase** or **Binance**.
Since November 2023, the **FTX/Alameda staking address** has reportedly redeemed and moved a staggering **8.031 million SOL**, equivalent to roughly **$1.03 billion**. Notably, this was accomplished at an **average transfer price** of **$128.3** per SOL. Currently, the staking address retains a substantial amount, with **5.359 million SOL**, translating to about **$645 million** still staked, indicating continued confidence in potential returns within the **crypto market**.