FTX/Alameda has redeemed 182,421 SOLs (valued at $32.35 million) under a monthly redemption strategy

robot
Abstract generation in progress

The tokens are redeemed monthly at 20 addresses, and the total number of redemptions has exceeded $516.88 million ($4.445 billion SOL), with

remaining 64.7 million #SOL ($1.18 billion), so redemptions can continue for three years, which will avoid disruptive sales and help the market To maintain stability FTX/Alameda completed its monthly Solanium (SOL) redemption in January 2025, withdrawing 182,421 SOL tokens worth $32.35 million from bookmakers' addresses. EmberCN researcher analyzed the block According to #blockchain data, the tokens were distributed to 20 different addresses. This was a continuation of an established monthly buyback pattern that began in November 2024. January FTX/Alameda buyback followed a consistent pattern established over the past few months. over the past few months. over the past few months. Each repurchase has shown remarkable regularity in both timing and volume. In December 2024, the company repurchased 181,232 SOLs for $41.46 million; in November, 179,800 SOLs were repurchased for $39.21 million. October 2024, 178,631 SOLs were repurchased for about 128 million USD as SOL prices increased during this period. This graph shows that starting from 177,693 SOLs in September 2024, the monthly volume of token repurchases increased. The gradual increase is shown in #the graph. The consistency in timing (usually between the 12th and 15th of each month) indicates a structured approach to managing these assets. the average redemption price for these transactions was $116.2 per SOL in the first half of the year. This demonstrates the volatility of asset prices over this period. These systematic buybacks resulted in a total of 4.445 million SOLs being recovered, for a total value of over US$516.88 million.

The timing and distribution of monthly redemptions is consistent, with tokens distributed to exactly 20 addresses.

Read us at: Compass Investments #MarketInsights #FinTechInnovations

The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 3
  • Share
Comment
0/400
ShouldEarnSomeMoneyvip
ยท 01-18 08:58
It's about SOL, it has nothing to do with SO|S.
Reply1
RespectTheMarketAndRvip
ยท 01-15 13:29
Ambush 100x coin ๐Ÿ“ˆ Ambush 100x coin ๐Ÿ“ˆ All in ๐Ÿ™Œ All in ๐Ÿ™Œ Bull returns quickly ๐Ÿ‚ Bull returns quickly ๐Ÿ‚ Big brother take me with you ๐Ÿ’ฐ Big brother take me with you ๐Ÿ’ฐ
Reply0
11freddyvip
ยท 01-15 13:20
WAGMI ๐Ÿ’ชBuy the Dip ๐Ÿค‘To Da Moon ๐ŸŒ•
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • ็ฎ€ไฝ“ไธญๆ–‡
  • English
  • Tiแบฟng Viแป‡t
  • ็น้ซ”ไธญๆ–‡
  • Espaรฑol
  • ะ ัƒััะบะธะน
  • Franรงais (Afrique)
  • Portuguรชs (Portugal)
  • Bahasa Indonesia
  • ๆ—ฅๆœฌ่ชž
  • ุจุงู„ุนุฑุจูŠุฉ
  • ะฃะบั€ะฐั—ะฝััŒะบะฐ
  • Portuguรชs (Brasil)