On-chain activity has caught another big move. The SOL staked by FTX/Alameda recently showed new activity—19.48k tokens were withdrawn from the staking pools, worth approximately $25.52 million at current prices.

Interestingly, these tokens weren't dumped directly. Instead, four hours ago, they were dispersed across 26 wallets. But don't be naive—these receiving addresses will most likely send the SOL to major exchanges or compliant platforms for deposits later.

Looking further back, it's even more dramatic: since November 2023, this large staker, FTX, has moved out a total of 9,562,000 SOL using the same strategy. This pace clearly indicates ongoing asset liquidation and realization. The market should keep a close eye on these liquidity release signals.