28.5M $SOL Re-Staked, Says Solana Foundation

The Solana Foundation announced that 28.5m $SOL has been re-staked.

The Solana Foundation said that, on November 2nd, Hetzner removed many of Solana's independent validators. As a result, the Solana Foundation began the process of unstaking 28.5m $SOL delegated to those validators as part of the foundation's Delegation Program in order to restake to validators operating in alternative locations, which took effect at epoch 370. However, the plan to unstake has now been postponed, and all 28.5m $SOL has now been re-staked.

Previously, according to Lookonchain's data, nearly 50m $SOL would be unstaked today.

According to TokenInsight data, $SOL price dropped 39.71% over the last 24 hours, trading at $13.73 now.