Data: FTX/Alameda SOL staking address redeemed 178,631 SOL 4 hours ago, most of which are expected to flow into CEX

CoinVoice has recently learned that according to monitoring by on-chain analyst Ember, FTX/Alameda's SOL staking address H4y...gFZ redeemed 178,631 SOL (US$28 million) 4 hours ago.

According to previous transfer records, these SOLs will then be distributed to multiple addresses, most of which will subsequently flow into Coinbase or Binance.

Their SOL transfers are currently quite regular: they will redeem and transfer out around 170,000 SOL between the 12th and 15th of each month.

Currently, the H4y...gFZ address still has 7.09 million SOL (US$1.107 billion) pledged. [Original link]