FTX Estate Unloads $44.9M Solana Stash - Creditor Payouts Finally on Horizon?
Another day, another crypto fire sale—but this one's got creditors perking up.
The Numbers Don't Lie
FTX's estate just dumped a cool $44.9 million worth of Solana back into the wild. That's not pocket change, even by crypto standards. The move signals what many thought would never happen: actual progress toward repaying those left holding the bag when the exchange imploded.
Timing is Everything
They picked a halfway decent moment—Solana's been clawing its way back from the grave. Still, unloading that much SOL at once? Let's just hope they didn't tank the price for everyone else. Classic estate move—maximize recovery, minimize concern for market impact.
The Bigger Picture
Creditors have been waiting years for this. Some probably gave up hope. Now? There's a flicker. A tiny, cynical flicker. Because in crypto, even getting pennies back feels like winning the lottery after watching your ticket burn.
Finance's favorite pastime: rearranging deck chairs on the Titanic—but this time, they're actually throwing a few lifeboats overboard.
In a significant move, the FTX estate has redeemed about $44.9 million in solana tokens from staking positions. This recent transaction, worth roughly 192,000 SOL, follows a familiar monthly pattern and helps the crypto community get a... Read More
