Solana (SOL) price is being observed by many investors due to Sam Bankman-Fried’s (SBF) trial. On October 5, roughly 17.6 million SOL were unstaked in
Two Solana accounts have unstaked 7.5 million SOL in epoch 512. These tokens worth $173 million could belong to Alameda Research or the FTX estate, according to WuBlockchain. Solana price currently trades around $23 with a year-to-date return of 132%. epoch 512. Although these tokens are unstaked, it does not necessarily mean that they were sold. Solana worth millions unstaked Out of the 17.6 million SOL unstaked in epoch 512, roughly 7 million SOL belongs to the venture capital firm a16z.
637 million SOL were unstaked, with a net unstake of 16.516 million SOL . Most belonged to a16z and the previous Alameda . a16z: BZpEFk...oPPBm7 unstaked 5.006 million SOL, a16z-2: GCmFQL...ozXMwY unstaked 2.033… — Wu Blockchain October 6, 2023 While these unstaked tokens can be sold, it does not mean that the 17.6 million SOL will be sold on exchanges. But users on social media platform X speculate that the venture capital firm a16z could sell these tokens ahead of the SBF trial.
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