$SOL redemption
FTX and Alameda have redeemed 192,900 $SOL from staking and distributed it to 28 different addresses. The entities plan to transfer the funds to either Coinbase or Binance. This move follows their ongoing strategy to manage their cryptocurrency assets effectively. The distribution of $SOL to multiple addresses indicates a structured approach to asset allocation. The decision to transfer the redeemed tokens to major exchanges like Coinbase or Binance suggests an intention to facilitate further trading or liquidity options.
