Whales and FTX/Alameda Drive Major $SOL Unstaking As DeFi Locking Hits New Highs

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A whale recently unstaked 106,213 $SOL, valued at $14.3 million, and deposited it into Binance just two hours ago, marking another significant movement of Solana tokens. Meanwhile, over $1 billion worth of $SOL is being unstaked by FTX/Alameda, raising eyebrows in the crypto community. A whale unstaked 106,213 $SOL($14.3M) and deposited it into #Binance 2 hours ago.https://t.co/k4JynbJppU pic.twitter.com/61Ckc1Omud — Lookonchain (@lookonchain) September 13, 2024 In the past three months, FTX/Alameda has unstaked a total of 530,000 $SOL (worth approximately $71 million) and transferred it to various addresses. On average, they’ve been unstaking 176,700 $SOL per month, totaling $23.5 million monthly.

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