On May 17, 2025, FalconX withdrew 296,422 SOL, valued at 50.82 million USD, for staking. This signifies the firm’s commitment to strengthening Solana’s network and reflects increasing confidence from institutional investors after the FTX collapse.
The reduction in SOL’s circulating supply could positively influence its price dynamics. FalconX also made history by executing the first block trade in CME SOL futures, presenting a promising opportunity for institutional traders.
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