Solana

Spot

<table style="width: 100%; border-collapse:">
 <tbody>
  <tr>
   <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener noreferrer nofollow"><strong><span style="color: #000000;">Before you reading, did you missed the PEPE?<span style="color: #e67e22;"> No worries, click here to 100x potential memes!</span></span></strong></a></td>
  </tr>
 </tbody>
</table>
<ul>
 <li>PeckShieldAlert reported that on October 28, a wallet address affiliated with FTX transferred 309.2 thousand SOL tokens worth over $9.9 million.</li>
 <li>FTX and Alameda Research still hold EVM assets worth $736 million following various deposits made to crypto exchanges in the past few days.</li>
 <li>In the last 24 hours, SOL’s price has dropped by over 2%, currently trading at $32.25. The 24-hour low and high values are $31.53 and $33.30, respectively.</li>
</ul>
<p><strong>Solana (SOL) token assets connected to the insolvent FTX exchange and Alameda are being transferred. What is the purpose of these transfers? Here are the details!</strong></p>
<h2 id="strong-ftx-and-alameda-making-solana-transfers-strong"><strong>FTX and Alameda Making Solana Transfers</strong></h2>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-130197" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/solana-sol-2.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="solana-sol" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/solana-sol-2.webp?w=1920&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/solana-sol-2.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/solana-sol-2.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/solana-sol-2.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/solana-sol-2.webp?resize=1536%2C864&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/solana-sol-2.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/solana-sol-2.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/solana-sol-2.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/solana-sol-2.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p>
<p>As part of a plan to repay crypto assets associated with FTX and managed by Alameda Research, $10 million worth of Solana (SOL) tokens were transferred on Wednesday.</p>
<p>FTX and Alameda received a liquidation order in September worth $3.4 billion in crypto assets. Debtors announced plans to gradually sell their crypto assets to avoid significant impacts on prices.</p>
<p>PeckShieldAlert reported that on October 28, a wallet address affiliated with FTX transferred 309.2 thousand SOL tokens worth over $9.9 million. In addition, approximately 244 thousand SOL tokens were sent to the crypto exchange Binance.</p>
<p>This move allowed FTX debtors to liquidate their SOL assets as they had more SOL due to Solana’s 70% rally in October. Former FTX CEO Sam Bankman-Fried stated in court that he began buying Solana when it was trading for just 20 cents.</p>
<p>COINOTAG reported that FTX and Alameda sold tokens worth $14.4 million to exchanges. According to Spot On Chain data, FTX and Alameda Research still hold EVM assets worth $736 million following various deposits made to crypto exchanges in the past few days. In September, the Delaware Chancery Court approved FTX debtors’ plan to liquidate $3.1 billion in crypto assets held in FTX and Alameda Research.</p>
<h2 id="strong-sol-price-drops-amid-liquidations-strong"><strong>SOL Price Drops Amid Liquidations</strong></h2>
<p>SOL’s price has dropped by over 2% in the last 24 hours, currently trading at $32.25. The 24-hour low and high values are $31.53 and $33.30, respectively. Furthermore, a 25% drop in trading volume in the last 24 hours indicates reduced trader interest.</p>
<p>Analysts expect Solana to step back in its quest for new liquidity and move towards $40, strengthening the double golden cross pattern.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/ftx-and-alameda-transfer-solana-assets-sol-price-at-risk/">FTX and Alameda Transfer Solana Assets: SOL Price at Risk!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
<table style="width: 100%; border-collapse:">
 <tbody>
  <tr>
   <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener noreferrer nofollow"><strong><span style="color: #000000;">Did you missed the PEPE?<span style="color: #e67e22;"> No worries, click here to 100x potential memes!</span></span></strong></a></td>
  </tr>
 </tbody>
</table>

FTX and Alameda Transfer Solana Assets: SOL Price at Risk!

Table of Contents

COINOTAG NEWS

Other articles published on Oct 28, 2023

With X, Elon Musk hopes to transform finance into a central core.

Terpopular Sepekan: Harga BTC Jika ETF Disetujui hingga Sinyal Jual Bitcoin

Solana’s Price Prediction of $3211 by 2030

Weekly Project Updates: Arbitrum Orbit Readies Itself, dYdX Chain Mainnet Launches, etc

Ethereum Trading in Range, Gearing Up for Next Breakout According to Rekt Capital – Here’s His ET...

Kraken suspends certain Crypto transactions in Canada amid regulatory uncertainty

Join our free newsletter for daily crypto updates!