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FTX Estate is Staking 5.5M Solana Tokens: Whale Alert 2m ago by coinedition.com

Ashpool, an X account, alerts that FTX estate is staking 5.5 million SOL.

Ashpool’s alert has generated a conversation among many crypto users.

FTX Estate holds about 16% of Solana’s market cap.

According to Ashpool, an X account renowned for crypto research, FTX estate is staking 5.5 million SOL. In its post, Ashpool referenced another post from Whale Alert showing an SOL transaction between two unknown wallets to the tune of 5,546,217 SOL, equivalent to $121,255,031. 

FTX estate is staking 5.5M SOLhttps://t.co/ajRgBHFNt9 https://t.co/UGorSGMtwC

— ashpool (@solanobahn) October 14, 2023

Ashpool’s alert generated a conversation among many crypto users, many of whom are trying to understand the narrative behind the recent action by the FTX estate. One of the respondents under Ashpool’s post identified as ‘rpc mert’ recalled a statement by one of SBF’s close associates, Caroline Ellison, who said that FTX had SOL tokens locked on the project’s network.

Ellison made the statement during an “all-hands” meeting from the SBF trial on November 9, 2022. She said:

I don’t think we’ve talked to Solana people, and I feel maybe we talked to…

The post FTX Estate is Staking 5.5M Solana Tokens: Whale Alert appeared first on Coin Edition.