According to PeckShieldAlert, an address linked to FTX and Alameda has unstaked 187,600 SOL, valued at approximately $32.4 million as of May 12, 2025 (source: PeckShieldAlert on Twitter). This significant unstaking event may increase short-term selling pressure on Solana, potentially impacting its price volatility and overall market liquidity. Traders should closely monitor SOL order books and related on-chain movements for potential large-scale transfers to exchanges, which could signal imminent sell-offs and affect broader crypto market sentiment.

According to Lookonchain, in the past 12 hours, five whale accounts have unstaked 5.52 million SOL, valued at approximately $810 million. Additionally, 3.54 million SOL, worth around $516 million, has been deposited into Coinbase Prime. This significant movement of SOL may impact the liquidity and price dynamics of the cryptocurrency, suggesting a potential increase in trading activity or strategic repositioning by large holders. Traders should monitor these developments closely for potential volatility in SOL's market price.