PANews reported on October 15 that according to monitoring by on-chain analyst Ember, FTX/Alameda redeemed 192,900 SOL (US$39.41 million) from pledged funds 4 hours ago and distributed them to 28 addresses. Most of these addresses that received SOL will subsequently transfer the SOL to Coinbase or Binance.

Since November 2023, FTX/Alameda staking addresses have redeemed and transferred out a cumulative 9.173 million SOL (US$1.85 billion) through the above method, with an average transfer price of US$135. Currently, there are 4.41 million SOL (US$890 million) staked on FTX/Alameda staking addresses.