TechFlow, on December 12, according to on-chain analyst EmberCN (@EmberCN), FTX/Alameda redeemed 194,800 SOL (worth $25.52 million) from staking and distributed them to 26 addresses four hours ago. Most of these receiving addresses will subsequently transfer the tokens to Coinbase or Binance.
Data shows that since November 2023, FTX/Alameda staking addresses have cumulatively redeemed and transferred out 9.562 million SOL (worth $1.298 billion) through this method, with an average transfer price of $135.80. Currently, the staking address still holds 4.07 million SOL (worth $555 million) in a staked state.
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