FTX/Alameda Continues Monthly SOL Redemption, Moving Over $37 Million in Solana

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FTX and its affiliate Alameda Research have done it again: another monthly redemption and transfer of a sizeable chunk of Solana (SOL) tokens. In the most recent episode, they redeemed 184,162 SOL—worth approximately $37.73 million—from FTX’s pledged assets. They then sent it out across 23 different addresses.These redemptions are part of a series of regular actions performed by FTX/Alameda since November 2022 and affect the Solana blockchain directly, appearing to undermine confidence in the project. Audits of Solana’s native token (SOL) and the balance sheets of programs that issue pledges (decentralized finance, or “DeFi,” programs) took on fresh urgency. Redemption

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