FTX Estate Stakes $122 Million Solana (SOL), Quells Fear Of Token Sell-Off
The FTX estate has reportedly staked 5.5 million Solana (SOL), worth $122 million. This development comes amidst fears of the defunct crypto exchange liquidating a substantial portion of its SOL holdings and inducing a bearish trend.
FTX Renews Bullish Interest In Solana With Latest Move
On October 14, blockchain tracking platform Whale Alert reported that 5.5 million SOL had been transferred between two unknown wallets. Thereafter, a crypto analyst with the X username ashpool soon identified the FTX exchange to be behind this whale transaction.
Using data from gelato.sh, ashpool revealed that the FTX exchange had delegated the said 5.5 million SOL to the Figment staking service, an active validator on the Solana network.
Read More: https://www.newsbtc.com/news/solana/ftx-estate-stakes-122-million-solana-sol-quells-fear-of-token-sell-off/
The FTX estate has reportedly staked 5.5 million Solana (SOL), worth $122 million. This development comes amidst fears of the defunct crypto exchange liquidating a substantial portion of its SOL holdings and inducing a bearish trend.
FTX Renews Bullish Interest In Solana With Latest Move
On October 14, blockchain tracking platform Whale Alert reported that 5.5 million SOL had been transferred between two unknown wallets. Thereafter, a crypto analyst with the X username ashpool soon identified the FTX exchange to be behind this whale transaction.
Using data from gelato.sh, ashpool revealed that the FTX exchange had delegated the said 5.5 million SOL to the Figment staking service, an active validator on the Solana network.
Read More: https://www.newsbtc.com/news/solana/ftx-estate-stakes-122-million-solana-sol-quells-fear-of-token-sell-off/
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