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FTX Unstakes $21M in Solana, More Set to Unlock in May

  • FTX has unstaked $21 million worth of SOL tokens in May.
  • On May 1, an additional 73,700 SOL tokens, valued at around $8.6 million, are set to unlock.
  • FTX and Alameda wallets still hold significant SOL reserves but have not sold them on the open market.
  • The majority of FTX's SOL holdings, worth about $619 million, remain staked and will unlock in tranches.

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