The platform redeemed 190,000 SOL within 6 hours, with a total outflow value of 1.159 billion USD.

Recently, a related address of a crypto assets trading platform conducted a large-scale redemption operation of SOL tokens. According to on-chain data monitoring, the platform's stake address redeemed and transferred out 190,000 SOL tokens 6 hours ago, with a total value of approximately 34.09 million USD. These tokens were distributed to 29 different addresses.

By analyzing historical transaction records, it can be found that most of the addresses receiving SOL tokens will subsequently transfer the tokens to some mainstream exchanges. Since November of last year, the platform has redeemed and transferred a total of 8.788 million SOL, with a total value of 1.159 billion dollars, and an average transfer price of 132 dollars per token.

It is worth noting that despite such a large-scale redemption operation, the platform's staking Address still holds 4.727 million SOL, approximately 829 million dollars, and these Tokens are currently still in a staking state. This series of actions has sparked much speculation in the market regarding the platform's future direction.

SOL-4.64%
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BearMarketSurvivorvip
· 16h ago
The soldiers have not moved yet, but the supplies are on the way; this means a large army is about to be assembled.
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AirdropSweaterFanvip
· 20h ago
Retail investor rug pull warning!
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LayerZeroEnjoyervip
· 08-12 19:37
Something seems off.
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RugpullSurvivorvip
· 08-12 19:34
Is the plate going to collapse? It's falling apart.
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Frontrunnervip
· 08-12 19:32
It's sold like this and still hasn't finished?
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LongTermDreamervip
· 08-12 19:28
Large Investors fleeing? No no no, this is called strategic reallocation. Let's revisit this in three years; it's all a small case. We've all experienced the great bull run of 2017...
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