The post FTX/Alameda Executes Major Monthly SOL Redemption of 182,421 SOL Worth $32.35 Million appeared on BitcoinEthereumNews.com.

In a recent update from COINOTAG on January 14th, it has been reported that FTX and Alameda have executed their monthly SOL redemption, successfully redeeming 182,421 SOL, equivalent to approximately 32.35 million US dollars. This transfer, completed just three hours ago, was distributed across 20 distinct addresses. Since November of the previous year, FTX/Alameda has redeemed a cumulative total of 4.445 million SOL, which represents around 516.88 million US dollars, with an average transfer price of $116.2. Despite this significant withdrawal, FTX/Alameda maintains a robust staking position, with an impressive 6.47 million SOL still staked, valued at about 1.18 billion US dollars. This ongoing activity underscores the strategic management of their crypto assets in a challenging market environment. Source: https://en.coinotag.com/breakingnews/ftx-alameda-executes-major-monthly-sol-redemption-of-182421-sol-worth-32-35-million/

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Filed under: News - @ January 14, 2025 1:12 am