FTX and Alameda remain the main holders of SOL, with potential earnings exceeding $3 billion for FTX debtors

Bitget App

Trade smarter

2023/12/22 07:21

According to Spot On Chain monitoring, SOL has risen by about 17% in the past 24 hours and its market value has surpassed BNB, but FTX and Alameda remain the main holders.

It is reported that they transferred 13.22 million SOL (666 million USD) to exchanges between October 24th and December 14th, 2023. They may currently have 2 million SOL (192 million USD) available for liquidation at any time. A total of 40.5 million SOL (3.99 billion USD) will be released linearly on a monthly basis, mainly in 2025. After FTX's bankruptcy on November 11th, 2022, SOL surged by 550%, from $17.66 to $98, which means potential gains exceeding $3 billion for FTX debtors.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Trending news

Trump: If China does not cancel the 34% additional tariffs, the United States will impose a 50% tariff on China starting from April 9th

The market value of Strategy Bitcoin holdings has fallen below 40 billion US dollars, and currently, BTC is less than 8000 US dollars away from falling below its average purchase price