FTX Unstakes $31M in SOL, Raising Eyebrows During Bull Market Surge
The post FTX Unstakes $31M in SOL, Raising Eyebrows During Bull Market Surge appeared on BitcoinEthereumNews.com. Altcoins FTX has unstaked another large batch of Solana tokens, this time worth roughly $31.3 million, fueling renewed speculation about potential sell pressure during a red-hot crypto rally. On-chain data shows the bankrupt exchange moved 189,851 SOL amid a broader market upswing, just as institutional demand for Solana continues to grow. While similar unstaking events have occurred before, the timing of this latest transfer has sparked debate. Some traders see the move as routine, noting that FTX has been slowly unwinding its SOL holdings for months. Others, however, caution that large-scale asset unlocks—especially during bullish momentum—could trigger short-term volatility. Analysts remain divided. Some believe the freed-up SOL may be redirected toward market-making or other investments, rather than being dumped outright. Others point to Solana’s network strength and $30B+ in daily transaction volume as signs that it can absorb temporary fluctuations. FTX’s asset management strategy is tied closely to its ongoing bankruptcy process, which involves redistributing $5 billion in assets. A significant portion of creditor claims come from Chinese users—many of whom may not be able to access their repayments due to local restrictions, adding complexity to the process. Earlier this year, a larger SOL unlock by FTX led to a brief dip in price. This week’s smaller movement is unlikely to have the same impact—unless more follows or panic selling sets in. For now, all eyes are on whether the newly available tokens are sold or held. Author Alexander Stefanov Reporter at Coindoo Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows…
The post FTX Unstakes $31M in SOL, Raising Eyebrows During Bull Market Surge appeared on BitcoinEthereumNews.com.
Altcoins FTX has unstaked another large batch of Solana tokens, this time worth roughly $31.3 million, fueling renewed speculation about potential sell pressure during a red-hot crypto rally. On-chain data shows the bankrupt exchange moved 189,851 SOL amid a broader market upswing, just as institutional demand for Solana continues to grow. While similar unstaking events have occurred before, the timing of this latest transfer has sparked debate. Some traders see the move as routine, noting that FTX has been slowly unwinding its SOL holdings for months. Others, however, caution that large-scale asset unlocks—especially during bullish momentum—could trigger short-term volatility. Analysts remain divided. Some believe the freed-up SOL may be redirected toward market-making or other investments, rather than being dumped outright. Others point to Solana’s network strength and $30B+ in daily transaction volume as signs that it can absorb temporary fluctuations. FTX’s asset management strategy is tied closely to its ongoing bankruptcy process, which involves redistributing $5 billion in assets. A significant portion of creditor claims come from Chinese users—many of whom may not be able to access their repayments due to local restrictions, adding complexity to the process. Earlier this year, a larger SOL unlock by FTX led to a brief dip in price. This week’s smaller movement is unlikely to have the same impact—unless more follows or panic selling sets in. For now, all eyes are on whether the newly available tokens are sold or held. Author Alexander Stefanov Reporter at Coindoo Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows…
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