08-01 21:01 Friday
Solana News Today: FTX and Alameda Stake $125M in SOL and ETH Before Creditor Deadline
Solana's price surged over 10% as FTX and Alameda Research moved 1.8 million SOL ($125 million) to an undisclosed wallet, sparking speculation about potential sales or strategic holdings. Meanwhile, Ethereum creditors have until January 10, 2024, to submit claims in the FTX bankruptcy case, with the deadline extended from its original September 29 cutoff. The Solana transfer represents a portion of FTX and Alameda's massive SOL holdings, previously valued at over $1 billion when SOL traded near $100. Market analysts suggest the movement could signal upcoming asset liquidation or restructuring plans by the bankrupt entities.
ETH
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SOL
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NEAR
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