- Today, 4.13 million SOL tokens were transferred to Coinbase (NASDAQ:COIN) by an address suspected to be linked to FTX.
- Over the longer term, SOL’s price has been rather stable, despite huge amounts of tokens being sent to exchanges.
- SOL was trading at $59.89 after its price slipped by more than 6% since the day before.
Over the past few months, FTX has been transferring massive amounts of Solana (SOL) tokens to exchanges. On November 6, data from the on-chain analytics platform Lookonchain indicated that FTX had unstaked 3.96 million SOL. After that, 750K SOL, worth approximately $30 million, was transferred to Binance and Kraken.
FTX unstaked 3.96M $SOL($160M) 2 days ago and transferred 750K $SOL($30M) to #Binance and #Kraken 4 hours ago.https://t.co/A4CyCXgVzShttps://t.co/92ItXxxoB4 pic.twitter.com/4gxmwxzdIL— Lookonchain (@lookonchain) November 6, 2023
On Saturday, Lookonchain also reported that FTX and Alameda transferred approximately $22 million worth of assets. Some of the tokens included in the transfer were IMX, GMT, ETH, UNI, SHIB, BAL, LOOKS, and WOO.
Although FTX has been moving around several different tokens, SOL once again came up on Lookonchain’…
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