Marinade Staked SOL

2024

Solana

Prime

Aptos

<p>The post <a href="https://coinpedia.org/news/ftx-news-46m-msol-transfer-to-coinbase-prime-sparks-market-debate/">FTX News: $46M mSOL Transfer to Coinbase Prime Triggers Crypto Market Debate</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>A major transfer of mSOL from an FTX wallet to Coinbase Prime has stirred significant speculation among crypto enthusiasts. This development has ignited discussions on its potential impact. </p> 
<p>Here’s what we know so far.</p> 
<h2 class="wp-block-heading" id="h-strategic-moves-or-market-reaction">Strategic Moves or Market Reaction?</h2> 
<p>The news broke via a post on X by Lookonchain, revealing a massive transfer of mSOL, valued at approximately $46.09 million, from an FTX wallet to Coinbase Prime</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr">The <a href="https://twitter.com/hashtag/FTX?src=hash&amp;ref_src=twsrc%5Etfw">#FTX</a> wallet transferred 240,247 <a href="https://twitter.com/search?q=%24mSOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$mSOL</a>($46.09M) to <a href="https://twitter.com/hashtag/CoinbasePrime?src=hash&amp;ref_src=twsrc%5Etfw">#CoinbasePrime</a> 4 hours ago.<a href="https://t.co/18HAetx4cO">https://t.co/18HAetx4cO</a> <a href="https://t.co/iGZ2PM1Mp3">pic.twitter.com/iGZ2PM1Mp3</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1828249072110797156?ref_src=twsrc%5Etfw">August 27, 2024</a>
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<p>The crypto community has been buzzing with reactions. Some view this move as a strategic maneuver by the FTX team. MemcoinBest, a notable Solana and Aptos enthusiast, is among those who believe this transfer could influence current trading patterns and is calling for an open discussion on the potential effects.</p> 
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   <p lang="en" dir="ltr">Interesting move! This transfer could signal a shift in liquidity or a strategic play by the FTX team. What implications do you think this has for <a href="https://twitter.com/search?q=%24mSOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$mSOL</a> and the broader market? Let's discuss how major wallets influence trading patterns!</p>— MemecoinBest – Solana &amp; Aptos Maxi (@CanberrasBest) <a href="https://twitter.com/CanberrasBest/status/1828249365023990095?ref_src=twsrc%5Etfw">August 27, 2024</a>
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<h2 class="wp-block-heading" id="h-msol-price-trends">mSOL Price Trends</h2> 
<p>Currently, mSOL is priced around $186.48. Over the past 24 hours, it has declined by 4.0%. However, in the last week, it has risen by 5.7%, and in the past two weeks, it has increased by 6.6%.</p> 
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 <img decoding="async" width="1600" height="900" src="https://image.coinpedia.org/wp-content/uploads/2024/08/27190118/image-496.png" alt="" class="wp-image-343351" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/27190118/image-496.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/08/27190118/image-496-300x169.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/27190118/image-496-1024x576.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/27190118/image-496-768x432.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/27190118/image-496-1536x864.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/08/27190118/image-496-390x220.png 390w, https://image.coinpedia.org/wp-content/uploads/2024/08/27190118/image-496-150x84.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
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<p>Earlier this month, mSOL was priced at nearly $207.65. It then dropped to a low of $156.48 on August 5, indicating increasing seller strength. On August 6, the trend reversed with a strong green candlestick, and on August 7, buyers and sellers were locked in a fierce battle, ending with a slight buyer advantage.</p> 
<p>The following day, buyers attempted to push the price to a new monthly high but fell short, closing at $197.05. A period of sideways movement ensued. On August 23 and 24, buyers made another strong push to reach a monthly peak but were unable to surpass the $197.05 resistance level. In the last three days, sellers have regained control, as evidenced by three consecutive red candlesticks.</p> 
<h2 class="wp-block-heading" id="h-looking-ahead">Looking Ahead</h2> 
<p>While the recent transfer could potentially lead to a positive market shift, such a trend is not yet evident. The situation remains fluid, and market reactions will be closely monitored.</p> 
<p>Also Check Out: <a href="https://coinpedia.org/news/binance-ceo-refutes-nigerias-revenue-claims-a-deep-dive-into-the-26-billion-dispute/" target="_blank" rel="noreferrer noopener">Binance Nigeria Controversy: CEO Rejects $26 Billion Revenue Claim! What Next?</a></p> 
<p><strong>What do you think? Will this transfer have a major impact on the crypto market?</strong></p>

FTX News: $46M mSOL Transfer to Coinbase Prime Triggers Crypto Market Debate

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