Solana

<p>The post <a rel="nofollow" href="https://coinpedia.org/news/krakens-warning-bells-as-solana-sol-faces-liquidation-threat/">Solana Price Dips 5% as FTX Shifts 250k SOL Tokens: Sell-Off Incoming?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>A stir is brewing in the crypto industry. FTX Derivatives Exchange’s potential sale of 250,000 SOL tokens, worth a staggering $13.6 million, has sent shockwaves through the crypto market. Investors are bracing for impact, as <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">SOL prices</a> have already taken a 5% hit. </p> 
<p>But what does this mean for the future of Solana? Let’s explore. </p> 
<h2 class="wp-block-heading" id="h-ftx-s-smart-moves"><strong>FTX</strong>‘s Smart Moves</h2> 
<p>FTX Derivatives Exchange is making moves by shifting 250,000 SOL tokens to Kraken in a carefully planned transfer. Lookonchain, a crypto analytics provider, spilled the beans on this move, aligning perfectly with FTX’s recent liquidation efforts.</p> 
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   <p lang="en" dir="ltr">FTX deposited 250K <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>($13.6M) to <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw">#Kraken</a> 7 hours ago.<br><br>Currently, FTX’s public addresses on <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw">#Solana</a> only have 3,408 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a> ($185K) left.<a href="https://t.co/A4CyCXgVzS">https://t.co/A4CyCXgVzS</a> <a href="https://t.co/4EVtrwoYyX">pic.twitter.com/4EVtrwoYyX</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1724246594718138763?ref_src=twsrc%5Etfw">November 14, 2023</a>
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<p>According to Lookonchain data, the public address associated with FTX presently holds approximately 3,408 SOL, amounting to a total value of $185,000. The market is reacting to the potential liquidation, with Solana (SOL) witnessing a 5% decline in its price, currently trading at <a href="https://coinmarketcap.com/currencies/solana/">$52.64</a> on spot exchanges.&nbsp;</p> 
<p>Interestingly, SOL’s trading volume is shooting up by a robust 21.35%, reaching a staggering $2,974,483,716. This surge reflects mixed sentiments among investors, adding an exciting layer to the unfolding drama.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/ftx-alameda-shifts-27-2m-in-crypto-elevating-october-transfers-to-106m/">FTX’s $106 Million Crypto Transaction: What’s Next for Solana (SOL)?</a></p> 
<h2 class="wp-block-heading" id="strong-solana-strong-stands-strong"><strong>Solana </strong>Stands Strong </h2> 
<p>The aftermath of FTX Derivatives Exchange’s actions is felt across Solana’s realm, given their close history. But recent twists suggest a change in the story.</p> 
<p>Even with the bankruptcy court giving FTX the green light to sell its crypto holdings for creditor repayment, the impact on Solana seems less pronounced.</p> 
<h2 class="wp-block-heading" id="strong-what-next-for-sol-strong"><strong>What Next for SOL?</strong></h2> 
<p>As SOL <a href="https://coinpedia.org/news/solana-dips-below-64-resistance-ftx-wallets-move-13-5m-sol-amid-rally-pause-what-next/">experiences a temporary dip</a>, analysts see it as a healthy correction—a blip on the radar that might boost Solana to new heights. Amid the turbulence, Solana stands strong, showing sustained market value and growth potential.</p> 
<p>Read More: <a href="https://coinpedia.org/price-analysis/solana-price-surges-over-50-will-sol-price-hit-60-soon/">Solana Price Surges Over 50%! Will SOL Price Hit $60 Soon?</a></p> 
<p><strong>Do you see this as a buying opportunity for Solana, or do you think investors should stay on the sidelines?</strong></p>

Solana Price Dips 5% as FTX Shifts 250k SOL Tokens: Sell-Off Incoming?

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