Solana

Millions

Coin

<ul class="news-points">
 <li><strong>Today, 4.13 million SOL tokens were transferred to Coinbase by an address suspected to be linked to FTX.</strong></li>
 <li><strong>Over the longer term, SOL’s price has been rather stable, despite huge amounts of tokens being sent to exchanges.</strong></li>
 <li><strong>SOL was trading at $59.89 after its price slipped by more than 6% since the day before.</strong></li>
</ul>
<p>Over the past few months, FTX has been transferring massive amounts of <a href="https://coinedition.com/tag/solana-sol/" rel="noopener noreferrer nofollow">Solana (SOL)</a> tokens to exchanges. On November 6, data from the on-chain analytics platform Lookonchain indicated that FTX had unstaked 3.96 million SOL. After that, 750K SOL, worth approximately $30 million, was transferred to Binance and Kraken.</p>
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   <p lang="en" dir="ltr">FTX unstaked 3.96M <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($160M) 2 days ago and transferred 750K <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($30M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> and <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Kraken</a> 4 hours ago.<a href="https://t.co/A4CyCXgVzS" target="_blank" rel="noopener noreferrer nofollow">https://t.co/A4CyCXgVzS</a><a href="https://t.co/92ItXxxoB4" target="_blank" rel="noopener noreferrer nofollow">https://t.co/92ItXxxoB4</a> <a href="https://t.co/4gxmwxzdIL" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/4gxmwxzdIL</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1721424550368608406?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 6, 2023</a>
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<p>On Saturday, Lookonchain also <a href="https://twitter.com/lookonchain/status/1730781152875876645" target="_blank" rel="noopener noreferrer nofollow">reported</a> that FTX and Alameda transferred approximately $22 million worth of assets. Some of the tokens included in the transfer were IMX, GMT, ETH, UNI, SHIB, BAL, LOOKS, and WOO.</p>
<p>Although FTX has been moving around several different tokens, SOL once again came up on Lookonchain’…</p>
<p>The post <a href="https://coinedition.com/sol-price-down-6-as-millions-of-tokens-are-moved-to-coinbase/" rel="noopener noreferrer nofollow">SOL Price Down 6% As Millions of Tokens Are Moved to Coinbase</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

SOL Price Down 6% As Millions of Tokens Are Moved to Coinbase

Coin Edition

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