FTX estate stakes 5.5M Solana coins By Cointelegraph

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The FTX estate seems bullish on (SOL), as it staked over 5.5 million SOL on Oct. 13. According to on-chain data, an FTX-identified wallet sent the coins to Figment, a staking validator firm for institutional investors.

The transaction was detected by blockchain tracker Whale Alert and later identified as an FTX estate address by pseudonymous on-chain researcher Ashpool. The coins staked are worth $122 million and represent a small fraction of FTX’s holdings of SOL.