Solana

Movements related to the cryptocurrencies held by the exchange after the FTX crash are being closely monitored in the world of cryptocurrency. Each movement raises concerns about a potential selling wave in the cryptocurrency world. PeckShieldAlert X recently reported a movement that could cause such concerns. Let’s take a closer look at this development.
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<h2 id="massive-number-of-solana-transfers">Massive Number of Solana Transfers</h2>
As we mentioned in our previous article, Solana has become a cryptocurrency of particular interest to institutional investors this week. The upward trend, starting at $18, has become a force that pushed the price up to $65. At this point, this impressive increase has gained the appreciation of the cryptocurrency world.
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According to PeckShieldAlert, an address associated with FTX conducted a transaction within the last 8 hours. In this transaction, 250,000 <a href="https://en.coin-turk.com/solana-sol-rises-over-200-in-2023-the-power-of-staking/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SOL</a> tokens, worth $13,540,000, were moved. The transferred Solana (SOL) tokens were sent to <a href="https://en.coin-turk.com/binance-applies-to-fsc-for-operation-in-taiwan-under-the-anti-money-laundering-law/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> and the famous trading company Wintermute.
<h3 id="not-only-sol-but-also-usdt-was-sent">Not Only SOL, But Also USDT Was Sent</h3>
The altcoin sent by the address associated with FTX is not limited to SOL. The address also transferred $3,990,000 worth of USDT. These transfers were also sent to Binance and Wintermute.
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This movement of significant assets indicates that a strategic decision was likely made by the address labeled FTX, possibly for trading or liquidity management purposes. Such transactions can be indicative of <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a> activities. They are closely monitored by participants for insights into potential price movements and trading strategies in the cryptocurrency field. Continue Reading: <a href="https://en.coin-turk.com/massive-number-of-solana-transfers/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/massive-number-of-solana-transfers/</a>

Massive Number of Solana Transfers

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