logo
welcome
CoinGape

CoinGape

FTX Ready to Dump 177,693 Solana Coins After Recent Staking Unlock

CoinGape
Summary
Nutrition label

71% Informative

Cryptocurrency wallet H4ygFZ , reportedly belonging to FTX/Alameda or affiliated with them, has redeemed 177,693 Solana tokens from the solana Proof-of-Stake (PoS) network.

FTX wallet still holds 7.057 million SOL worth $943 million in staking.

A large part of FTX 's SOL holdings may have already been sold through over-the-counter (OTC) transactions.

SOL price continues to remain firm and is still trading 1.93% up at $ 135 with a market cap of $63.57 billion .

VR Score

58

Informative language

48

Neutral language

53

Article tone

formal

Language

English

Language complexity

39

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links