{"id":50912,"date":"2025-09-12T13:00:10","date_gmt":"2025-09-12T10:00:10","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=50912"},"modified":"2025-09-12T12:34:28","modified_gmt":"2025-09-12T09:34:28","slug":"ftx-bought-back-millions","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ftx-bought-back-millions\/","title":{"rendered":"FTX Bought Back Millions Worth of Solana from Staking!"},"content":{"rendered":"<p data-start=\"0\" data-end=\"350\">Bankrupt crypto exchange <strong>FTX<\/strong> and its affiliate <strong>Alameda Research<\/strong> redeemed 192,000 SOL from <strong>Solana<\/strong> (<strong>SOL<\/strong>) staking positions, representing approximately $45 million. According to blockchain analytics provider EmberCN, this transaction was executed as part of FTX and Alameda\u2019s familiar monthly liquidation schedule during their asset wind-down process.<\/p>\n<p data-start=\"352\" data-end=\"608\">This move is seen as part of FTX\u2019s strategy to regularly release staked assets during bankruptcy proceedings to repay investors and execute its liquidation plan. The strategy aims to both provide repayments to creditors and convert assets into liquidity.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/ftx-bought-back-millions\/#FTX_and_Alamedas_SOL_Redemptions\" title=\"FTX and Alameda\u2019s SOL Redemptions\">FTX and Alameda\u2019s SOL Redemptions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/ftx-bought-back-millions\/#Staking_Addresses_Still_Hold_Large_Amounts_of_SOL\" title=\"Staking Addresses Still Hold Large Amounts of SOL\">Staking Addresses Still Hold Large Amounts of SOL<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/ftx-bought-back-millions\/#Solana_Price_and_Market_Impact\" title=\"Solana Price and Market Impact\">Solana Price and Market Impact<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"610\" data-end=\"649\"><span class=\"ez-toc-section\" id=\"FTX_and_Alamedas_SOL_Redemptions\"><\/span>FTX and Alameda\u2019s SOL Redemptions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"651\" data-end=\"946\">EmberCN data shows that since November 2023, FTX and Alameda\u2019s staking addresses have redeemed a total of 8.98 million SOL at an average price of $134, equivalent to approximately $1.2 billion. The most recent redemption of 192,000 SOL is valued at around $45 million at current market prices.<\/p>\n<p data-start=\"948\" data-end=\"1140\">Such regular staking redemptions are considered important indicators for understanding how major exchanges and treasury firms manage liquidity and liquidation processes in the crypto market.<\/p>\n<h2 data-start=\"1142\" data-end=\"1197\"><span class=\"ez-toc-section\" id=\"Staking_Addresses_Still_Hold_Large_Amounts_of_SOL\"><\/span>Staking Addresses Still Hold Large Amounts of SOL<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1199\" data-end=\"1465\">According to Solscan, FTX and Alameda\u2019s staking addresses still hold about 4.18 million SOL, currently valued at approximately $977 million. This indicates that FTX\u2019s bankruptcy process is ongoing and a significant portion of staked assets remains locked on-chain.<\/p>\n<h2 data-start=\"1467\" data-end=\"1503\"><span class=\"ez-toc-section\" id=\"Solana_Price_and_Market_Impact\"><\/span>Solana Price and Market Impact<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1505\" data-end=\"1760\" data-is-last-node=\"\" data-is-only-node=\"\">Data from The Block shows that Solana\u2019s price rose 4.3% in the last 24 hours to $238 marking a total gain of 14.4% over the past week. Staking redemptions by major players like FTX and Alameda often lead to short-term price fluctuations in the market.<\/p>\n<p data-start=\"1505\" data-end=\"1760\" data-is-last-node=\"\" data-is-only-node=\"\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-50913 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/photo_2025-09-12_11-16-14-1-300x168.jpg\" alt=\"\" width=\"768\" height=\"430\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/photo_2025-09-12_11-16-14-1-300x168.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/photo_2025-09-12_11-16-14-1.jpg 683w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/p>\n<p>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0for the latest news and updates<\/p>\n<div class=\"blog-share text-center\"><\/div>\n<div class=\"blog-share text-center\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bankrupt crypto exchange FTX and its affiliate Alameda Research redeemed 192,000 SOL from Solana (SOL) staking positions, representing approximately $45 million. According to blockchain analytics provider EmberCN, this transaction was executed as part of FTX and Alameda\u2019s familiar monthly liquidation schedule during their asset wind-down process. This move is seen as part of FTX\u2019s strategy<\/p>\n","protected":false},"author":37,"featured_media":36767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[236,563,192,5384,840,847,336,58,5760,501,319],"class_list":["post-50912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-altcoin","tag-altcoins","tag-blockchain","tag-crypto-investment","tag-crypto-market","tag-crypto-news","tag-cryptocurrencies","tag-cryptocurrency","tag-digital-assets","tag-investment","tag-solana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FTX Bought Back Millions Worth of Solana from Staking!<\/title>\n<meta name=\"description\" content=\"Bankrupt crypto exchange FTX and its affiliate Alameda Research redeemed 192,000 SOL from 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