The FTX estate has staked an impressive 5.5 million Solana (SOL) tokens with Figment. This amounts to a notable $122 million, according to on-chain data from SolanaFM. The decision comes as market watchers had been voicing concerns over the potential liquidation of the estate’s vast Solana holdings. Such a move could have dampened the SOL market value. However, this recent staking indicates the FTX estate’s optimism about Solana’s long-term potential.
FTX Estate Stakes 5.5 Million SOL Tokens Amid Market Scrutiny
coingape.com
16 October 2023 04:20, UTC