While FTX Solana Continues Its Sales, SOL Continues to Stay Strong! What Are Analysts’ Target for Solana?

FTX While he continued to sell his remaining crypto assets, a large amount was transferred to the stock exchanges today.

According to on-chain data, FTX, solana While moving the majority of its assets to the exchanges, the popular platform Spot on Chain announced that FTX and Alameda-related wallets transferred approximately 40 million dollars to the exchanges in the last 24 hours.

While this latest transfer is a continuation of the large transfers that have taken place in the last few weeks, FTX and Alameda transferred 7 altcoins worth $ 38.5 million to the exchanges.

According to this FTX ; 750 thousand SOLs valued at $31.2 million, 325,501 ENS valued at $2.76 million, 10.1 million GMTs valued at $2.22 million, 642,702 LDOs valued at $1.26 million, 288,211 APEs valued at $410 thousand, $365 thousand It carried 27,407 BADGER worth 27,407 BADGER and 555,342 BNT worth 323 thousand dollars.

Spot on Chain FTX and Alameda added 36 shares worth a total of $350 million to the exchanges as of November 8. altcoin He stated that he conveyed

Spot on Chain also added that FTX deposited 250K SOL worth $10.83 million to Binance at $43.32 about 2 hours ago.

Accordingly, Spot on Chain stated that FTX has deposited 5.74 million SOL, worth approximately $223 million, into the exchanges so far.FTX only has 1.25 million SOL left, worth $54.5 million.” said.

🚨 Note that #FTX further deposited 250K $LEFT ($10.83M) to #Binance at $43.32 ~2hrs ago.

So far, #FTX has deposited 5.74M $LEFT (~$223M) to exchanges and only holds 1.25M $LEFT ($54.5M) left.

👉 More details: https://t.co/vzYO4MKIrB

Need the beta code? Join our Discord to get… https://t.co/xIzskLrSzS pic.twitter.com/Jyn0oVMRIi

— Spot On Chain (@spotonchain) November 8, 2023

Although FTX’s sales of Solana continue, LEFT bulls continue to ease the selling pressure on the altcoin.

Analysts state that at this point, SOL follows a rising channel model and has entered an upward trend, stating that Solana broke an important resistance around $28 for the first time since July and made a significant rise.

While analysts think that SOL can reach $ 50 if it continues its upward momentum, Kaiko Solana Ethereum Stating that he performed well against SOL/ETH He said the rate has shown a consistent rise since September.

“Since September, the SOL has been performing better by far; The ratio between SOL and ETH jumped from 0.011 to almost 0.025, breaking the ratio just before the FTX crash.”

LEFT At the time of writing, it continues to be traded at $ 43.6.

📊Since September #LEFT Has been a clear outperformer, with the SOL/ETH ratio back to pre-FTX levels. pic.twitter.com/G4m4nC1T32

— Kaiko (@KaikoData) November 7, 2023

*This is not investment advice.