FTX Unstakes 186K SOL: Potential Market Impact as Creditor Repayments Continue

A wallet associated with FTX and Alameda Research unstaked 186,326 Solana (SOL) tokens worth $21.5 million on April 11, raising concerns about a potential selloff. Historical patterns suggest such moves often precede asset liquidation to repay creditors. This follows last month’s unstaking of 185,000 SOL, part of FTX’s broader effort to address bankruptcy obligations.

FTX Unstaked 186K SOL: Potential Selloff Looming?

A wallet address linked to FTX/Alameda Staking unstaked 186,326 Solana (SOL) tokens, worth approximately $21.5 million, on Friday, April 11. While the assets haven’t moved from FTX’s address, the unstaking process has historically led to a selloff as the bankrupt exchange aims to repay its creditors. The address also unstaked over 185,000 SOL last month, according to onchain data. So far, FTX and its hedge fund have unstaked more than 3 million SOL tokens.

GHIBLI Set For Massive Pump After Binance Listing Hype

Ghiblification token, inspired by the famous Japanese animation studio, surged to a $20.8 million market value in just 19 hours after AI-generated Ghibli-style art went viral. The token has gained attention from notable figures such as Elon Musk and Sam Altman, with rumors swirling about a potential Binance listing and upcoming partnerships. Despite an 85.60% drop from its all-time high, Ghiblification maintains a stable base of approximately 18,000 holders. Launched on March 25, the Solana-based meme coin has been trending due to Binance listing rumors.

Solana (SOL) Crypto Price Prediction 2025: $200 Soon?

Solana crypto stands at a crucial juncture after pushing past $250 earlier this year but plummeting below primary support levels. The price now hovers around $119, raising questions about its future momentum. Fibonacci Levels and Market Structure suggest potential for more downside, as the SOL price currently stands below the 0.236 Fibonacci retracement value of $120.07, which has become an essential resistance barrier.

Fartcoin Eyes 65% Surge as Open Interest Hits ATH

Fartcoin price gained momentum on Friday, jumping by over 26%, making it one of the best-performing tokens in crypto. The third-largest Solana meme coin ROSE to $0.9192, its highest point since January 31. The token has climbed 332% from its lowest level this year. The surge coincides with a sharp increase in futures open interest, which hit a record high of $422 million, signaling growing demand and speculative activity. The rally also aligns with a consistently positive funding rate this week, indicating a bullish trend.