FTX's Significant Unstaking and Transfer of SOL to Major Exchanges

12/12/2024 8:50:07 AM

According to Spot On Chain, since November 2023, FTX has unstaked and transferred 4.263 million SOL, worth approximately $454.8 million, to major exchanges Coinbase and Binance through 20 intermediary wallets, at an average price of $106.68 per token. FTX still holds 6.617 million SOL, valued at $1.53 billion, in a staked position and plans to continue unstaking around 170,000 SOL monthly. (Source)

Binance SOL Coinbase FTX

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