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Monday, May 20, 2024
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HomeFinanceFTX property stakes 5.5M Solana cash
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FTX property stakes 5.5M Solana cash

FTX property appears to be bullish on Solana’s native token SOL (SOL), because it staked over 5.5 million in SOL cash on Oct. 13. Based on on-chain knowledge, an FTX-identified pockets despatched the cash to Figment, a staking validator agency for institutional traders.

The transaction was detected by blockchain tracker Whale Alert and later recognized as an FTX property handle by pseudonymous on-chain researcher Ashpool. The cash staked price $122 million and symbolize a small fraction of FTX’s holdings of SOL.

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