FTX and Alameda Research unstaked 195,669 SOL tokens (worth approximately $27.98 million), continuing the trend since November of unlocking over 8 million SOL per month (about $1 billion). Despite this, the total value locked (TVL) in the Solana network remains at (TVL), increasing by $187 million to $9.028 billion, with daily trading volume also stable around $4.186 billion. However, net flows on spot exchanges show $17.466 million worth of SOL flowing into centralized exchanges (CEX), indicating selling pressure; meanwhile, price charts display a bullish cup and handle pattern with a target price above $142.8.
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FTX and Alameda Research unstaked 195,669 SOL tokens (worth approximately $27.98 million), continuing the trend since November of unlocking over 8 million SOL per month (about $1 billion). Despite this, the total value locked (TVL) in the Solana network remains at (TVL), increasing by $187 million to $9.028 billion, with daily trading volume also stable around $4.186 billion. However, net flows on spot exchanges show $17.466 million worth of SOL flowing into centralized exchanges (CEX), indicating selling pressure; meanwhile, price charts display a bullish cup and handle pattern with a target price above $142.8.