TechFlow news, October 15 — According to on-chain analyst EmberCN (@EmberCN), FTX/Alameda redeemed 192,900 SOL worth $39.41 million from staking four hours ago and distributed them across 28 addresses. Most of these receiving addresses are expected to subsequently transfer the tokens to exchanges such as Coinbase or Binance.
Data shows that since November 2023, the FTX/Alameda staking address has cumulatively redeemed and transferred out 9.173 million SOL worth $1.85 billion through this method, at an average transfer price of $135. The staking address currently still holds 4.41 million SOL worth approximately $890 million.
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