FTX/Alameda Unstakes SOL, Market Reacts

On March 13, 2025, FTX/Alameda executed its monthly SOL unstaking, withdrawing 185,000 SOL worth $22.89 million. At the time of the transaction, SOL was priced at $123.73. These tokens were then distributed to 38 different addresses, with a significant portion transferred to Coinbase and Binance.

Since November 2023, FTX/Alameda has followed this method, unstaking and transferring a total of 7.845 million SOL (~$10.0878 billion). These regular withdrawals have become notable events in the Solana ecosystem, often triggering immediate market reactions.

Following the latest withdrawal, SOL price dropped by 1.2% within an hour, reaching $122.25. This decline is linked to sell pressure from the unstaked SOL moving to exchanges. At the same time, trading volume on Solana-based DEXs surged by 15%, reaching $450 million.

On Binance, the SOL/USDT pair saw a 20% spike in trading volume, reaching 1.2 million SOL. Meanwhile, on Coinbase, the SOL/BTC pair recorded a 10% increase, totaling 800,000 SOL traded. These trends indicate that traders are actively reacting to the withdrawal, aiming to capitalize on volatility.

Technical Indicators & AI Token Market Influence

From a technical perspective, SOL’s RSI stood at 58, signaling a neutral market stance. However, the MACD indicator showed a bearish crossover, suggesting potential downward momentum in the short term.

On-chain data confirmed increased activity, with the number of active addresses rising by 5% within 24 hours, reaching 1.5 million. Additionally, average transaction fees on the Solana network rose by 10% to 0.00025 SOL per transaction.

While FTX/Alameda’s SOL withdrawals do not have a direct impact on AI token markets, broader market fluctuations can influence AI-based projects. For example, SingularityNET (AGIX) saw a 2% increase in trading volume, reaching $50 million on March 13.

This surge could be attributed to AI-driven trading algorithms adjusting positions in response to SOL’s movement. Such interactions between AI and crypto markets present new opportunities for investors to capitalize on evolving market trends.

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