FTX/Alameda has redeemed 193,800 SOL, valued at $30.69 million, from staking and distributed it to 28 addresses, according to monitoring by EmberCN. Many of these addresses are expected to transfer the SOL to exchanges like Coinbase or Binance. Since November 2023, FTX/Alameda has redeemed and transferred a total of 9.367 million SOL, worth approximately $1.27 billion, at an average price of $135.8 per SOL. Currently, 4.048 million SOL, valued at $620 million, remain staked in FTX/Alameda's staking address.