PANews reported on November 13 that, according to on-chain analyst Ember, FTX/Alameda redeemed 193,800 SOL (US$30.69 million) from staking and then distributed them to 28 addresses three hours ago. Most of these addresses that received the SOL will subsequently transfer the SOL to Coinbase or Binance.

Since November 2023, the FTX/Alameda staking address has redeemed and transferred a total of 9.367 million SOL (US$1.27 billion) through the above method, with an average transfer price of US$135.8. Currently, the FTX/Alameda staking address still has 4.048 million SOL (US$620 million) staked.