The post FTX/Alameda’s Monthly SOL Redemptions Continue Amid Surging Solana Ecosystem Activity appeared on BitcoinEthereumNews.com.

FTX/Alameda carried out its regular monthly Solana (SOL) redemption and transfer five hours ago, redeeming 181,232 SOL, worth approximately $41.46 million, from staking. These tokens were then distributed across 20 separate addresses. Since November 2022, the FTX/Alameda staking address has redeemed and transferred a total of 4.262 million SOL, valued at $484.53 million, using a similar method. The average transfer price during this period stands at $113.6 per token. Despite these steady redemptions, the address still holds a substantial 6.616 million SOL in staking, worth an estimated $1.5 billion. FTX/Alameda 在 5 小时前进行了一月一次的 SOL 赎回转出：从质押中赎回了 181,232 枚 SOL ($41.46M) 并分发到 20 个地址。 FTX/Alameda 质押地址从去年 11 月以来，通过上面这种方式累计赎回并转出了 426.2 万枚 SOL ($484.53M)，转出均价 $113.6。 目前 FTX/Alameda 质押地址还有 661.6 万枚 SOL… https://t.co/u3524O8vcs pic.twitter.com/wSbHxknyCR — 余烬 (@EmberCN) December 12, 2024 Based on their current rate of transferring roughly 170,000 SOL per month, it is estimated that FTX/Alameda could continue selling these tokens for another three years. Such consistent activity highlights the entity’s ongoing presence in the Solana ecosystem, even as the market evolves. Meanwhile, Solana’s broader ecosystem continues to thrive, with total decentralized exchange (DEX) volume surpassing the $900 billion milestone. The network has attracted 383 million traders who have executed a staggering 4.56 billion swaps. Liquidity in Solana’s pools is now nearing the $2 billion mark, underscoring the ecosystem’s robustness and ability to support high levels of activity. 📊REPORT: @Solana‘s Total DEX Volume Surpasses $900 Billion! •⁠ Total Traders: 383M•⁠ Total Swaps: 4.56B Liquidity in pools reaches nearly $2 billion. pic.twitter.com/T7WnEZHPbT — SolanaFloor (@SolanaFloor) December 12, 2024 FTX/Alameda’s redemptions and Solana’s impressive ecosystem metrics serve as a reminder of the blockchain’s resilience and its continued relevance within the cryptocurrency landscape. As these developments unfold, market participants may find new opportunities and challenges in navigating Solana’s growing ecosystem. Disclosure: This is not trading or investment…

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Filed under: News - @ December 13, 2024 12:23 pm