A wallet tied to the collapsed exchange FTX and its trading arm, Alameda Research, has unstaked 190,821 Solana SOL $179.6 24h volatility: 0.3% Market cap: $96.96 B Vol. 24h: $6.13 B tokens. The transaction was valued at around $35.52 million at the time of the move.

This move comes as FTX continues its bankruptcy process, aiming to liquidate assets and return funds to creditors. The release of such a large amount of SOL has led to speculation about its next destination.

Some analysts suggest that tokens could be sent to BitGo Custody for centralized management under a structured liquidation strategy. Others are predicting they could be distributed directly to creditors as part of repayment efforts.

Despite this move, FTX and Alameda still hold over 4.34 m

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