FTX/Alameda has conducted a series of withdrawals and transfers of SOL worth hundreds of millions of USD, distributed across multiple wallet addresses.
MAIN CONTENT
190,000 SOL were transferred out by FTX/Alameda, valued at approximately 34.09 million USD.
The total amount of SOL disbursed since November 2023 is 8.788 million SOL, equivalent to 1.159 billion USD.
Currently, there are 4.727 million SOL (approximately 829 million USD) still being staked.
How much SOL has FTX/Alameda transferred in the most recent transaction?
In the latest transaction, FTX/Alameda withdrew 190,000 SOL valued at approximately 34.09 million USD, distributed to 29 different wallet addresses. This information was recorded by Ember on August 12.
This transfer of SOL occurred within 6 hours before the report was published. Distribution across multiple wallets may aim for diversification or preparation for subsequent trades on major exchanges like Coinbase and Binance.
What is the volume of SOL that has been disbursed by FTX/Alameda since November 2023?
From November 2023 to now, FTX/Alameda has continuously disbursed a total of 8.788 million SOL, equivalent to about 1.159 billion USD based on the average price of 132 USD per SOL.
This process shows that FTX/Alameda is still conducting large withdrawals from staking SOL, clearly affecting supply and liquidity in the SOL market.
"Such continuous withdrawals impact the liquidity and staking value of SOL, reflecting FTX/Alameda's asset management strategy."
Cryptocurrency analyst, updated 2024
How much SOL is still being staked?
Currently, FTX/Alameda still holds about 4.727 million SOL being staked, equivalent to about 829 million USD. This indicates that the fund maintains part of its portfolio in the form of staked SOL.
Retaining a large amount of staked SOL allows FTX/Alameda to continue receiving staking rewards while simultaneously reducing direct selling pressure in the short term.
How does the transfer of SOL occur after being received at wallet addresses?
Most addresses receiving SOL from FTX/Alameda will forward this asset to large exchanges like Coinbase or Binance. This indicates that SOL withdrawal transactions are not an end but often aimed at liquidity or trading on the market.
This forwarding chain helps distribute liquidity more broadly and may be a sign of ongoing trading or asset risk management activities.
Frequently Asked Questions
Why does FTX/Alameda continuously withdraw and transfer SOL?
This is often a capital management strategy to increase liquidity, adjust portfolios, or prepare for trading on major exchanges.
Where is most SOL transferred to after withdrawal?
Most SOL will be forwarded to centralized exchanges like Coinbase and Binance for sale or further trading.
How much SOL is still being staked at FTX/Alameda?
Currently, there are 4.727 million SOL, equivalent to 829 million USD, being held by FTX/Alameda in staking.
What is the average price when FTX/Alameda transfers SOL?
The average price based on the data is about 132 USD per SOL since November 2023.
How does the transfer of SOL affect the market?
Large transactions can impact liquidity, prices, and market sentiment towards SOL.
Source: https://tintucbitcoin.com/ftx-alameda-chuyen-34-trieu-usd-sol/
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