Coin

<ul class="news-points"> 
 <li><strong>Lookonchain reported that&nbsp; FTX unstaked 3.96 million SOL two days ago and transferred 750,000 SOL to Binance and Kraken.</strong></li> 
 <li><strong>The crypto community was expecting the sell pressure to increase in the future.</strong></li> 
 <li><strong>RSI formed a bearish crossover, making the altcoin’s price to produce two new red candlesticks.</strong></li> 
</ul> 
<p>Lookonchain, a market analytics platform, recently reported on X that FTX unstaked 3.96 million SOL two days ago and transferred 750,000 SOL to <a href="https://coinedition.com/binance-exchange-review/">Binance</a> and Kraken. At the time of reporting, Lookonchain estimated that the value of 750,000 SOL was approximately $30 million. It seems that the comment section was flooded with the crypto community anticipating sell pressure and the end of the bull season in the SOL market.</p> 
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   <p lang="en" dir="ltr">FTX unstaked 3.96M <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SOL</a>($160M) 2 days ago and transferred 750K <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SOL</a>($30M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> and <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Kraken</a> 4 hours ago.<a href="https://t.co/A4CyCXgVzS" target="_blank" rel="nofollow">https://t.co/A4CyCXgVzS</a><a href="https://t.co/92ItXxxoB4" target="_blank" rel="nofollow">https://t.co/92ItXxxoB4</a> <a href="https://t.co/4gxmwxzdIL" target="_blank" rel="nofollow">pic.twitter.com/4gxmwxzdIL</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1721424550368608406?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 6, 2023</a>
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<p>On November 3, <a href="https://twitter.com/lookonchain/status/1720278473502327210" target="_blank" rel="noreferrer noopener nofollow">Lookonchain</a> also pointed out that FTX had transferred a total of 1.1 million SOL, valued at approximately $42.35 million. FTX also transferred 7,183 ETH, which was approximately $12.9 million. Overall, it wa…</p>
<p>The post <a href="https://coinedition.com/ftx-unstaked-3-96m-sol-and-transferred-750k-sol-community-expects-bearish-season/">FTX Unstaked 3.96M SOL and Transferred 750K SOL; Community Expects Bearish Season</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

FTX Unstaked 3.96M SOL and Transferred 750K SOL; Community Expects Bearish Season

Coin Edition

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