FTX and Alameda remain major holders of SOL, with potential proceeds for FTX debtors exceeding $3 billion

SOL has risen by about 17% in the past 24 hours and surpassed BNB in market value, but FTX and Alameda remain the main holders. It is said that they will transfer 13.22 million SOL (US$666 million) to the exchange between October 24 and December 14, 2023. They may currently have 2 million SOL (US$192 million) available for liquidation at any time. 40.5 million SOL (US$3.99 billion) will be released linearly on a monthly basis, mainly in 2025. After FTX's bankruptcy on November 11, 2022, SOL soared 550% from $17.66 to $98, which means potential profits for FTX debtors exceeded $3 billion.