Is SOL’s Price in Danger? $449 Million Worth of Solana Unstaked

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Is SOL’s Price in Danger? $449 Million Worth of Solana Unstaked
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Solana Compass has recently provided insights into the latest Solana network activity, specifically during its 512 epoch.

These tokens hold a value of approximately $449 million at current rates. When considering the addition of staked tokens, the net unstaking volume comes to around 16.516 million SOL, roughly valued at about $380 million. Additionally, three accounts suspected to belong to the estate of collapsed crypto exchange FTX and its sister company, Alameda Research, separately unstaked 2 million, 4.5 million, and 3 million SOL in the same epoch.FTX crypto exchange, multiple validator clients, including Jito Labs, with a 31% stake, reportedly drove more than 70% growth in the staking ratio on the platform.from CoinGecko.

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