TechFlow news, on November 13, according to on-chain analyst Ember (@EmberCN), FTX/Alameda redeemed 193,800 SOL (worth $30.69 million) from staking and distributed these tokens to 28 addresses three hours ago. Most of the 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 9.367 million SOL (worth $1.27 billion) through this method, with an average exit price of $135.80. Currently, the staking address still holds 4.048 million SOL (worth $620 million) in a staked state.
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