FTX Estate’s Strategic Solana Liquidation: Unstaking $45M Amid Market Movements
The FTX and Alameda estate has continued its systematic liquidation of staked Solana (SOL), withdrawing 192,000 tokens worth $44.9 million on September 11, 2025. This move is part of a broader strategy initiated in November 2023, during which the estate has unlocked approximately 8.98 million SOL, valued at $1.2 billion based on an average price of $134 per token. Despite these significant redemptions, the estate remains a major stakeholder in the Solana ecosystem. The consistent unstaking and liquidation pattern highlights the estate's disciplined approach to managing its crypto assets, even as it reduces its position in one of the market's leading blockchain platforms. This development underscores the ongoing dynamics within the cryptocurrency market, where large-scale movements by institutional players like FTX can influence both market sentiment and liquidity conditions.
FTX Estate Continues Solana Liquidation Strategy With $45M Unstaking
The FTX and Alameda estate has executed another scheduled redemption of staked solana (SOL), withdrawing 192,000 tokens worth $44.9 million on September 11, 2025. This follows a consistent liquidation pattern maintained since November 2023, during which the estate has unlocked approximately 8.98 million SOL ($1.2 billion at average $134 price).
Despite reducing its position, the estate remains a major Solana stakeholder with 4.18 million SOL ($977 million) still locked in staking contracts. The disciplined monthly withdrawals highlight institutional crypto asset management evolving beyond fire sales into structured treasury strategies.
Notably, Solana's market performance appears decoupled from these liquidations, with SOL prices showing resilience. The network's growing DeFi ecosystem and institutional adoption may be absorbing selling pressure that WOULD have cratered prices in previous market cycles.
FTX Token (FTT) Tests Critical Support at $0.79 Amid Bearish Pressure
FTX Token's price slid 5.18% to $0.79 as technical indicators flashed neutral-to-bearish signals. The Relative Strength Index at 42.14 suggests neither oversold nor overbought conditions, leaving room for further downside.
No major news catalysts drove the movement, with the decline attributed to broader market sentiment and profit-taking. Traders remain cautious as FTT approaches key support levels that could determine its near-term trajectory.
Winklevoss Twins Reach Settlement with SEC Over $900M Crypto Lending Case
The Securities and Exchange Commission and Gemini Trust have agreed to resolve a lawsuit stemming from the exchange's Gemini Earn program, which froze $900 million in customer funds. Attorneys for both parties informed a Manhattan federal court of a "resolution in principle" pending final SEC approval.
The case, initiated in January 2023, accused Gemini and Genesis Global Capital of conducting an unregistered securities offering through their high-yield lending product. The program promised returns up to 8.05% before collapsing during November 2022's market turmoil, leaving 340,000 investors stranded.
Genesis's liquidity crisis coincided with FTX's catastrophic bankruptcy, creating a perfect storm that ultimately forced the lender into Chapter 11 protection. The settlement marks a significant milestone in regulators' ongoing scrutiny of crypto yield products.
