The FTX bankruptcy estate has apparently staked millions of dollars worth of ether (ETH) and solana's SOL over the weekend, blockchain addresses tied to the crypto exchange apparently show. Over 5.5 million SOL, worth $122 million at current prices, and just over 24,000 ETH, worth $30 million, have been staked, separate transactions viewable on the blockchain show. Staking refers to locking up crypto holdings on a blockchain to help maintain the network in turn of token rewards. On-chain watchers on social app X citing the data said the SOL seemed to have been staked on Figment, where it will earn 6.79% annualized on the holdings – or over $8 million in SOL tokens which gets compounded.
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