A whale recently unstaked 106,213 $SOL, valued at $14.3 million, and deposited it into Binance just two hours ago, marking another significant movement of Solana tokens.

Meanwhile, over $1 billion worth of $SOL is being unstaked by FTX/Alameda, raising eyebrows in the crypto community.

In the past three months, FTX/Alameda has unstaked a total of 530,000 $SOL (worth approximately $71 million) and transferred it to various addresses. On average, they’ve been unstaking 176,700 $SOL per month, totaling $23.5 million monthly. Despite these massive withdrawals, FTX/Alameda still holds a considerable amount of staked $SOL—around 7.06 million tokens, currently valued at $945.7 million.

Solana Defi Thrives Despite Active Unstaking

While whales and major entities are actively unstaking, Solana’s DeFi ecosystem is thriving. The amount of $SOL locked in Solana DeFi, including liquid staking protocols, has reached a new all-time high of 33 million $SOL. This figure represents 7.07% of Solana’s total circulating supply, indicating growing confidence in decentralized finance platforms and the increasing utility of $SOL within the DeFi space.

These movements highlight contrasting trends within the Solana ecosystem. On one hand, large investors like FTX/Alameda are reducing their staked holdings, potentially signaling caution or strategic repositioning. On the other hand, the record-high DeFi locking shows that the Solana network continues to see strong demand for decentralized financial services.

As the balance between unstaking and DeFi locking evolves, $SOL holders and investors are closely watching how these trends will impact the token’s price and its role in the broader crypto market.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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