Solana Compass recently provided insights into the latest Solana (SOL) network activity during its 512 epoch. An estimated 19.637 million SOL tokens were unstaked, valued at approximately $449 million. After accounting for staked tokens, the net unstaking volume was 16.516 million SOL, valued at around $380 million. Prominent entities, such as Andreessen Horowitz (a16z), significantly contributed to this unparking of assets, unstaking 7 million SOL. Three accounts suspected to belong to the estate of collapsed crypto exchange FTX and its sister company, Alameda Research, separately unstaked 2 million, 4.5 million, and 3 million SOL.The SOL unstaking comes as the crypto world is transfixed by the continuing trial of ex-FTX founder and CEO Sam Bankman-Fried (SBF), who is accused of wire fraud and money laundering. Despite Solana’s reported connections to the failed FTX crypto exchange, multiple validator clients, including Jito Labs, with a 31% stake, reportedly drove more than 70% growth in the staking ratio on the platform. The price of SOL rose by more than 13% in the last seven days, per data from CoinGecko. However, in the previous 24 hours, as Bankman-Fried’s trial entered its third day, SOL prices seemed to be affected slightly, losing nearly 2% of their value. It remains to be seen how much more impact the unstaked SOL might have on the token’s price, with many market observers expecting most of it to be sold.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	8
People	Andreessen Horowitz, Jito Labs, Sam Bankman-Fried
Companies	Andreessen Horowitz, Jito Labs, Binance, FTX, Alameda Research
Currencies	US Dollar, Solana, FintruX, Ethereum, Bitcoin
Securities	None