The latest on-chain data shows that the FTX and Alameda addresses have just completed a significant operation—unstaking nearly 195,000 SOL, which is approximately $25.5 million based on current prices.

It is worth noting that this is not an isolated action. Since the bankruptcy liquidation, these two entities have maintained a fixed monthly schedule of unlocking SOL. For those holding SOL or following the Solana ecosystem, this periodic selling pressure may need to be taken into account. After all, with a total of nearly 200 million tokens, monthly releases will likely have an impact on the market in the short term.