PANews reported on December 12 that according to Spot On Chain monitoring, since November 2023, FTX has unlocked 4.263 million SOL (about $454.8 million) from pledge and transferred it to Coinbase and Binance through 20 intermediate wallets, with an average price of $106.68 per SOL. Currently, FTX still holds 6.617 million SOL (about $1.53 billion) in pledge status, and plans to continue unlocking about 170,000 SOL per month to continue its current sell-off plan.
FTX has transferred about $455 million of SOL to CEX, leaving about $1.53 billion of SOL
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