FTX/Alameda’s Major SOL Redemption: $37.73 Million in Tokens Transferred Amidst $1.25 Billion in Staking

According to a recent report from COINOTAG on February 12th, FTX and Alameda Research have executed their latest monthly redemption of SOL tokens. This transaction, which occurred approximately six hours prior, involved the redemption of 184,162 SOL, valued at around $37.73 million, targeting a distribution to 23 different addresses. The FTX/Alameda staking address has now redeemed a substantial total of 4.629 million SOL since November 2023, equivalent to about $554.61 million, with an average redemption price of $116.2. It’s noteworthy that the majority of these SOL tokens have been directed towards major exchanges like Coinbase and Binance. Furthermore, the FTX/Alameda staking address currently retains 6.338 million SOL, amounting to approximately $1.25 billion in staked assets, highlighting the robustness of their crypto holdings.