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- Ashpool, an X account, alerts that FTX property is staking 5.5 million SOL.
- Ashpool’s alert has generated a dialog amongst many crypto customers.
- FTX Property holds about 16% of Solana’s market cap.
In keeping with Ashpool, an X account famend for crypto analysis, FTX property is staking 5.5 million SOL. In its put up, Ashpool referenced one other put up from Whale Alert exhibiting an SOL transaction between two unknown wallets to the tune of 5,546,217 SOL, equal to $121,255,031.
Ashpool’s alert generated a dialog amongst many crypto customers, a lot of whom are attempting to know the narrative behind the latest motion by the FTX property. One of many respondents underneath Ashpool’s put up recognized as ‘rpc mert’ recalled a press release by one among SBF’s shut associates, Caroline Ellison, who stated that FTX had SOL tokens locked on the mission’s community.
Ellison made the assertion throughout an “all-hands” assembly from the SBF trial on November 9, 2022. She stated:
I don’t suppose we’ve talked to Solana individuals, and I really feel perhaps we talked to them as soon as, and so they had been like “no you possibly can’t promote it, it’s locked.
Rpc Mert deduced from Ellison’s assertion that she was admitting two issues. First, FTX didn’t have contact with Solana, and second, Solana declined their advances once they requested to make contact.
The latest staking transaction by the FTX property marks the second-largest Solana Stake Movement since April, as proven in a screenshot shared by Ashpool. The biggest transaction throughout this era was a withdrawal of seven,787,430 SOL tokens from the staking pool on July 25, 2023. In any other case, the latest FTX property transaction represents the biggest deposit the staking pool has seen since April.
FTX property is the physique chargeable for overseeing the chapter and restructuring of the once-active cryptocurrency change. As of final September, the group revealed it holds $1.16 billion in Solana (SOL), amounting to about 16% of Solana’s market cap, and $560 million in Bitcoin (BTC).
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