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Alameda’s $23M SOL Unstaking Sparks Selloff Fears as Solana Nears Death Cross

  • Alameda Research has unstaked $23 million worth of Solana (SOL), raising concerns of a potential selloff.
  • The funds were distributed to multiple addresses linked to FTX and Alameda, intensifying fears of market pressure.
  • Solana is nearing a death cross, with past occurrences leading to significant price declines.
  • Solana's price has remained relatively stable despite the movement of funds, trading at $125.47, down 15% over the past week.

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