The FTX estate’s ongoing liquidation of staked Solana tokens represents a structured release of supply into the digital asset ecosystem. This action, involving the redemption of 192,000 SOL valued at $43 million, serves as a mechanism for fulfilling significant financial obligations to former customers. Since November 2023, the estate has systematically unwound nearly $1.2 billion in Solana, funneling these assets through major exchanges such as Coinbase and Binance. This methodical divestment directly impacts Solana’s market microstructure by introducing consistent sell-side pressure, albeit in a predictable manner.
The primary systemic implication centers on market liquidity and price discovery for SOL, as a substantial supply is continuously channeled to meet restitution requirements. The forthcoming distribution round on September 30 further reinforces this operational framework, ensuring a steady, managed flow of assets.
The FTX estate’s structured Solana liquidations are a crucial component of its restitution protocol, influencing SOL market supply and liquidity while prioritizing creditor reimbursement.
- Recent Solana Unstake ▴ 192,000 SOL ($43 million)
- Total Solana Liquidated ▴ Nearly $1.2 billion since November 2023
- Remaining Staked Solana ▴ Over 4.18 million SOL ($960 million)
Signal Acquired from ▴ crypto.news
