FTX and Alameda redeemed $45 million in Solana from staking. This action is part of a pattern observed over the past year, where the estate redeems Solana assets on a near-monthly basis. Since November 2023, FTX and Alameda have unstaked and transferred approximately 9 million SOL, valued at $1.2 billion, averaging $134 per token. The FTX estate still holds nearly $1 billion in Solana despite these redemptions, with roughly 4.18 million SOL, worth an estimated $977 million, remaining staked. Following this news Solana's market response was muted but positive. The token traded at $234.27 reflecting a 4.3% daily gain and a 14.4% increase over the week. FTX is gearing up for its third round of creditor repayments in September. The estate has returned $6.2 billion to former users with $1.2 billion in February and another $5 billion in May. Payments will be processed through FTX's designated distribution partners, including BitGo, Kraken, and Payoneer. A Chinese creditor representing over 300 users is opposing FTX's proposal to restrict payouts in 49 jurisdictions. The token target is 250 and a fail bound of 220.