The estate of the now-defunct crypto exchange FTX has staked approximately 5.5 million Solana (SOL) tokens, which are worth around $121 million. This move follows a court filing that revealed the substantial SOL holdings owned by the FTX estate. The transaction was initially discovered by a user on X (formerly Twitter) and is visible on Solana.fm under the wallet name ‘Alameda’.
The staked amount represents 5.55 million SOL tokens, with a value of $121.17 million. Staking involves locking up tokens for a certain period in return for passive income, similar to a bank term deposit. The locked tokens actively contribute to sustaining the operation of the blockchain. At the time of publication, SOL’s price stands at $22.03.
#FTX #Solana #Cryptocurrency #Token #Staking #Blockchain #Estate #Liquidation
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