FTX Estate stakes $122M Solana (SOL) tokens, alleviating investor concerns
FTX Estate stakes $122 million worth of Solana (SOL) tokens. The FTX Estate has strategically delegated 5.5 million SOL with a Solana network validator. The move alleviates concerns about the estate’s potential liquidation of SOL holdings. In a significant move within the cryptocurrency landscape, the FTX estate has staked over 5.5 million Solana (SOL) tokens , amounting to a substantial $122 million, with Figment, a prominent validator on the Solana network as reported by on-chain data from SolanaFM. This development comes amid ongoing discussions and speculations within the crypto community regarding the estate’s handling of its substantial Solana holdings. Here’s an overview of the recent events and implications. FTX Estate’s strategic staking of Solana tokens The move of staking such a huge amount of Solana tokens with Figment has captured the attention of industry observers, particularly in light of concerns regarding potenti...