Solana

Coin

<ul class="news-points"> 
 <li><strong>Lookonchain shared today that FTX deposited SOL worth more than $13 million to Kraken.</strong></li> 
 <li><strong>Over the past 24 hours, SOL’s price slipped by more than 6%, which left it trading hands at $54.42.</strong></li> 
 <li><strong>Technicals on SOL’s daily chart suggest that the altcoin’s price could continue to drop in the coming days.</strong></li> 
</ul> 
<p>Earlier today, the on-chain analytics platform Lookonchain shared in an X (formerly Twitter) post that FTX has deposited 250K <a href="https://coinedition.com/tag/solana-sol/">Solana (SOL) </a>to Kraken. The deposited SOL tokens were worth about $13.6 million, according to the post.</p> 
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   <p lang="en" dir="ltr">FTX deposited 250K <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SOL</a>($13.6M) to <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Kraken</a> 7 hours ago.<br><br>Currently, FTX’s public addresses on <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Solana</a> only have 3,408 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SOL</a> ($185K) left.<a href="https://t.co/A4CyCXgVzS" target="_blank" rel="nofollow">https://t.co/A4CyCXgVzS</a> <a href="https://t.co/4EVtrwoYyX" target="_blank" rel="nofollow">pic.twitter.com/4EVtrwoYyX</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1724246594718138763?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 14, 2023</a>
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<p>Lookonchain also added in the post that FTX now only has an estimated 3,408 SOL tokens, worth $185K, left. Meanwhile, SOL ranked as a trending token on CoinMarketCap today, but certainly not for the reasons many traders may have been hoping for.</p> 
<p>FTX’s <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="nofollow">SOL</a> transfer was likely behind the altcoin’s more than 6% price drop recorded over the past 24 hours of trading. At press time, the Ethereum-killer …</p>
<p>The post <a href="https://coinedition.com/sol-price-down-6-after-ftx-transfers-250k-tokens-to-kraken/">SOL Price Down 6% After FTX Transfers 250K Tokens To Kraken</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

SOL Price Down 6% After FTX Transfers 250K Tokens To Kraken

Coin Edition

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