The FTX estate has unstaked and sold 31.5 million USD worth of Solana tokens, coinciding with a wider market decline. This amounts to an average sale price of 130 USD per token.
Market volatility has resulted from geopolitical events, notably Israel’s attack on Iran, contributing to an 8% decline in Solana’s value recently.
FTX continues to prepare for creditor distributions, having refunded over 7 billion USD. In a notable legal development, Shaquille O’Neal has settled a lawsuit linked to FTX for 1.8 million USD.
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