Wallets linked to the bankrupt cryptocurrency exchange FTX hosted a remarkable Solana (SOL) activity.
FTX, which filed for bankruptcy protection last year and has been making headlines from time to time with its altcoin sales for months, is worth millions of dollars. Solana to Coinbase transferred.
Reported by on-chain analysis platform Lookonchain to data According to FTX connected “4Axqyo…HswTAhwallet named “ 5 December He took action on the day and broke the staking SOL assets and said, “3vxheE…5mgkomto a wallet named ” 90 million dollars worth 1.5 million SOL transferred.
The wallet in question was soon transferred to the US cryptocurrency exchange Coinbase. $246 million worth 4.13 million SOL transferred. Based on this link, Lookonchain stated that the address to which FTX sent SOL is an internal wallet belonging to the Coinbase exchange.
The exchange, which continued to sell assets to avoid bankruptcy, did not touch its SOL balance in staking for a long time. In fact, last October, FTX $122 million worth 5.5 million SOL stakes This was interpreted as positive news.
According to CoinGecko data, based on the sales news in question, 3.8% depreciation SOL dropped from $62 to $59.6. LEFT while typing from $60 is being traded.