FTX/Alameda Undelegates 4 Million SOL, Valued at $8.6 Billion, Amidst Continued Stakes

According to recent data from Onchain Lens, the crypto market has witnessed significant movements from FTX and Alameda over the past year. Specifically, these entities have undelegated approximately 4,081,760 SOL, which translates to a value of around $8.65 billion at current market prices. This substantial movement indicates potential shifts in investment strategy within the Solana ecosystem.

Despite the notable withdrawals, the scrutinized wallet still maintains a robust stake of 6,764,705 SOL, currently estimated to be worth around $14.32 billion. This suggests that while FTX/Alameda is modifying their position, they continue to hold a significant amount of value in Solana, emphasizing ongoing confidence in the foundational technology and market dynamics of the Solana blockchain.