In the current bearish market sentiment, major cryptocurrencies appeared to be recovering after experiencing a massive price decline in recent days. Amid this, on the 12th of September, bankrupt FTX/Alameda-linked wallet address "H4yiPh" unstaked a significant 177,693 Solana [SOL] tokens, worth $23.75 million.

The crypto community often considers unstaking as a bearish sentiment. Mostly, investors or institutions unstake their tokens as they believe that a price drop is underway, or are preparing to sell their tokens. This creates massive selling pressure, resulting in significant price declines.

However, Solana had not seen any impact from the recent unstaking on its price. At press time, SOL traded at $134.75 after a price surge of over 2.15% in the last 24 hours. Its trading volume increased by 10% during the same period, indicating higher participation from traders despite uncertainty in the market.

The bankrupt FTX/Alameda-linked wallet unstaked a significant 177,693 SOL tokens, worth $23.75 million. Despite this, Solana's price has remained unfazed, rallying over 2% in the past 24 hours.

This suggests that the Solana network may be resilient to the impact of the FTX/Alameda unstaking, and could potentially see a 33% rally in the near future, as the crypto market continues to recover from the recent bearish sentiment.

Source: https://ambcrypto.com/will-solana-rally-33-despite-ftxs-24-mln-unstake/

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