A platform committed to tracking Solana’s crucial on-chain metrics states numerous countless dollars worth of SOL are now in the hands of Alameda Research study liquidators.
Solana Compass exposes that Sam Bankman-Fried’s insolvent trading company Alameda Research study formerly managed 48,636,772 SOL tokens worth over $643 million sometimes of composing.
With Solana down almost 95% from its all-time high of $259, Solana Compass rapidly resolved rumblings that the enormous SOL chest might be a source of remarkable selling pressure.
According to the platform, the SOL stash is now based on chapter 11 personal bankruptcy, and it will likely remain frozen up until the liquidation procedure is total.
Explains Solana Compass,
“Alameda no longer holds the SOL, the liquidators do. The SOL on the chart is locked and can not be offered, frequently for several years. Regardless, Chapter 11 implies absolutely nothing can be offered up until bankcruptcy finishes, might take 10+ years.”
The on-chain analytics platform likewise clarifies that the SOL tokens in concern remain in locked stake, which implies none can be offered outdoors market as the coins are presently not in blood circulation.
According to Solana Compass, Alameda Research study was formerly the biggest holder of SOL secured a staked account. The on-chain intelligence platform reveals that the whole SOL stow away will likely be opened in the very first half of 2025.
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