According to crypto analyst Ember (@EmberCN), FTX/Alameda redeemed 192,900 Solana (SOL) from staking four hours ago, worth approximately $39.41 million, and distributed them to 28 addresses. Most of these addresses subsequently transferred the tokens to Coinbase or Binance.

Since November 2023, the FTX/Alameda staking address has redeemed and transferred out approximately 9.173 million SOL (approximately $1.85 billion) at an average transfer price of approximately $135. Currently, the address still has approximately 4.41 million SOL (approximately $890 million) staked.