FTX Breaks Selling Pressure on Solana: $122 Million Movement That Reliefs the Price!

Bankrupt cryptocurrency exchange FTX staked 5.5 million Solana (SOL) worth $122 million.

According to data from Solana’s on-chain tracking site SolanaFM, on October 14, FTX $122 million worth 5.5 million LEFTHe staked .

First activity in one of the wallets controlled by a group of creditors handling FTX’s bankruptcy process, on-chain analyst “ashpool” by difference was done. In sharing, assets on the wallet staking platform FigmentIt was stated that it was sent to.

Recently FTXhas a large amount in his possession solanawill liquidate and cause a huge selling pressure will lead to There were concerns about. However, made last staking with the process Together these concerns It has been postponed a bit.

In addition to Solana, the team 30 million dollars worth a little over 24 thousand staked more Ethereum.

On-chain analysts say FTX wallets solana stakingin a year from 8 million dollarsfrom Ethereum from $1 million He stated that he would earn more.

On the other hand, according to the last court file in September 2023, FTX has 1.16 billion dollar 55.86 million LEFT It is located. This from 42.16 million The rest belongs to FTX’s sister company Alameda and is locked.

In recent months, FTX has announced that the cryptocurrencies it holds selling, staking And to avoid risk He asked for permission from the court and received approval.

According to CoinGecko data, the SOL price since the transaction in question was made, $21.7 from levels 6.22% with rise for $23 reached up to. LEFT, while typing 22.89 dollarIt is traded from.


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