FTX staking SOL

The FTX crypto exchange, despite being defunct, made a significant move by staking 5.5 million Solana (SOL), valued at $122 million. This action, reported by blockchainThink of blockchain as a digital ledger that records transactions in a transparent, tamper-proof way. It's a chain of transaction blocks linked chronologically. More tracking platform Whale Alert and confirmed by crypto analyst ashpool, was seen as a reassuring sign amidst worries of a potential liquidation of FTX’s substantial SOL holdings.

Previously, the bankrupt exchange had approval to liquidate its $3.4 billion crypto assets as part of a plan to pay off creditors, with Solana c