2024

Solana

Coin

<ul class="wp-block-list news-points"> 
 <li><strong>Alameda Research-linked wallet has redeemed 177.7K SOL tokens.</strong></li> 
 <li><strong>Alameda also transferred 143,800 WLD and 373 AAVE to Binance and Coinbase.</strong></li> 
 <li><strong>SOL is up almost 3% in the past 24 hours.</strong></li> 
</ul> 
<p>Alameda Research, the bankrupt sister company of FTX, has transferred significant amounts of cryptocurrency to leading exchanges; Binance and Coinbase.</p> 
<p>Blockchain analytics platform PeckShield <a href="https://x.com/PeckShieldAlert/status/1834046517528986005" target="_blank" rel="nofollow">highlighted these transactions</a>, which involved multiple altcoins; most notable, the redemption of 177.7K SOL tokens, worth $24.11 million, suggesting a crash in the price of the digital asset if it sells the coins.</p> 
<p>Additionally, another Alameda address transferred 143,800 WLD (over $200,000) to Binance and 373 AAVE (around $55,300) to Coinbase.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#PeckShieldAlert</a> <a href="https://twitter.com/hashtag/Alameda?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Alameda</a>-labeled address has transferred 143.8K <a href="https://twitter.com/search?q=%24WLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$WLD</a> (worth ~$200K) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> &amp; 373 <a href="https://twitter.com/search?q=%24AAVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$AAVE</a> (worth ~$55.3K) to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Coinbase</a> within the last 8 hours <a href="https://t.co/dEOj2ro6Zu" target="_blank" rel="nofollow">pic.twitter.com/dEOj2ro6Zu</a></p>— PeckShieldAlert (@PeckShieldAlert) <a href="https://twitter.com/PeckShieldAlert/status/1834051123629752807?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 12, 2024</a>
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</figure> 
<h2 class="wp-block-heading" id="h-price-action-of-sol-aave-and-wld">Price Action of SOL, AAVE, and WLD</h2> 
<p>Alameda’s movements could influence the prices of these altcoins.</p> 
<p>Alameda transferring these cryptocurrencies might result in a bearish trend for these altcoins.…</p>
<p>The post <a href="https://coinedition.com/solana-price-at-risk-as-alameda-unloads-24m-in-sol-tokens/">Solana Price at Risk as Alameda Unloads $24M in SOL Tokens</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Solana Price at Risk as Alameda Unloads $24M in SOL Tokens

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