Three hours ago, FTX/Alameda completed its latest monthly Solana (SOL) redemption, releasing 182,421 SOL worth $32.35 million.
These tokens were unpledged and distributed across 20 different addresses.
Since November last year, FTX/Alameda’s staking address has redeemed and transferred a total of 4.445 million SOL, valued at approximately $516.88 million. The average transfer price during this period has been $116.2 per SOL. Currently, the staking address still holds 6.47 million SOL, valued at $1.18 billion, in active staking.
FTX/Alameda 在 3 小时前进行了每月一次的 SOL 赎回转出：从质押中赎回了 182,421 枚 SOL ($32.35M) 并分发到 20 个地址。
FTX/Alameda 质押地址从去年 11 月以来，通过上面这种方式累计赎回并转出了 444.5 万枚 SOL ($516.88M)，转出均价 $116.2。
目前 FTX/Alameda 质押地址还有 647 万枚 SOL… https://t.co/titIt1Gulx pic.twitter.com/hI3km93cy3
— 余烬 (@EmberCN) January 14, 2025
Pump.Fun: Strategic Sales of Accumulated Fees
Pump.Fun has continued its strategy of selling SOL after accumulating transaction fees. In the past six days, the platform saved 122,600 SOL in fees, valued at $21.65 million, which were transferred to Kraken six hours ago.
pump. fun 现在是攒点手续费就卖，他们过去 6 天攒的 12.26 万枚 SOL ($21.65M) 手续费在 6 小时前又转进 Kraken 了。
pump. fun 推出到现在快一年了，他们总共获得了 224 万枚 SOL 的手续费收入。这其中的 212.3 万枚 SOL ($411.6M) 已被在链上出售或转进 Kraken，出售综合均价约 $194。这比现在的… https://t.co/mXos0ecAwy pic.twitter.com/gImgqMgWlm
— 余烬 (@EmberCN) January 14, 2025
Since its launch nearly a year ago, Pump.Fun has earned a staggering 2.24 million SOL in transaction fees. Out of these, 2.123 million SOL, worth $411.6 million, have been sold on-chain or transferred to Kraken. The average selling price for these tokens has been approximately $194, significantly higher than SOL’s current market value.
$400M Annual Revenue: A Blockchain Money Machine
Generating more than $400 million in annual revenue, Pump.Fun has proven itself to be a highly efficient and profitable blockchain-based operation. Its ability to consistently convert transaction fees into substantial revenue showcases its reputation as a “money-printing machine” within the ecosystem.
Conclusion
FTX/Alameda and Pump.Fun demonstrate the potential for significant gains in the Solana ecosystem through strategic staking, redemptions, and fee management, even amid fluctuating market conditions.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.
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Image Source: solarseven/123RF // Image Effects by Colorcinch
