📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
The cryptocurrency market is once again witnessing significant developments. According to the latest news, the FTX/Alameda team recently conducted a substantial token transfer operation involving Solana (SOL). Approximately 190,000 SOL, valued at around $34.09 million, were allocated to 29 different wallet addresses. These SOL tokens originated from previously staked assets.
Observing historical data, it is found that these addresses receiving SOL often transfer the Tokens further to mainstream exchanges such as Coinbase or Binance. This operation model has sparked market attention towards the increased liquidity of SOL.
Since November 2023, the staking address of FTX/Alameda has redeemed and transferred a total of 8.788 million SOL, with a total value of up to 1.159 billion dollars and an average transfer price of 132 dollars. This series of actions demonstrates FTX/Alameda's ongoing efforts in managing its crypto assets.
It is worth noting that the staking address of FTX/Alameda still holds 4.727 million SOL, approximately 829 million dollars. This indicates that despite large-scale withdrawals, the team still retains a substantial amount of SOL assets.
This regular release of SOL has sparked numerous speculations in the market regarding the Solana ecosystem and the overall crypto assets market. Analysts are closely monitoring the potential impact of these trends on SOL prices and market sentiment.
With the continuous development of the Crypto Assets industry, asset management strategies of large institutions like FTX/Alameda are receiving increasing attention. This not only reflects the dynamics of the market but also showcases the important role of large coin holders in the Crypto Assets ecosystem.
For ordinary investors, this large-scale asset transfer reminds us to always pay attention to market trends and understand the potential impact of large institutions' actions on the market. In this rapidly changing field, it is particularly important to remain vigilant and continue learning.