Alameda Research currently holds a locked stake worth $45 million in SOL, this looks concerning for the altcoin.
, Alameda Research currently holds a locked stake of 8.2% in the Solana cryptocurrency supply. This stake amounts to 45 million SOL, valued at $45 million, and is currently undergoing bankruptcy proceedings.
These circumstances continue to cause FUD around SOL. In addition, Delphi Digital reported that a large whale was observed selling a significant portion of its holdings. The whale sold approximately 7 million SOL tokens. And this leaves around 10 million SOL remaining. Moreover, the selling activity adds to the selling pressure on Solana and contributes to the downward price trend.
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