FTX could be the reason for Solana price decline

Alameda just unstaked 198,425 $SOL worth $16M and moved it to FTX's bankruptcy wallet.

These have been ongoing since late 2023 under the court-ordered $12.7B repayment plan tied to the collapse of SBF's empire.

So far, $7.6B has been returned to creditors, but $5.1B is still owed.

Despite ongoing sell pressure, $SOL is still their largest holding with 3.57M tokens worth over $293M.