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Solana Surges After FTX Collapse; FTX Transfers Millions of SOL; SOL Now Trading at $39

6 posts • GPT (3)

Published Nov 1, 2023, 06:07 PM

Solana (SOL) has seen a significant increase in value following the collapse of FTX. The estate reported holdings of 1.16 billion SOL, which is now worth 2.13 billion SOL due to the price move. Solana broke its previous high and is currently trading at $39. FTX Cold Storage #2 redeemed 1.6 million SOL ($65.46 million) from staking, with 3.96 million SOL ($162 million) still staked at the address. FTX/Alameda address transferred 1.26 million SOL ($40.67 million) to CEX since October 25. FTX Estate transferred enough SOL to cover two months of legal expenses.

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#Solana #FTX #FTX Cold Storage #CEX #FTX Estate

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Lookonchain

@lookonchain

The price of $SOL has increased by ~80% in the past month. And #FTX transferred 1.38M $SOL($56M) out to sell as the price increased. Just 1 hour ago, FTX unstaked and withdrew 1.6M $SOL ($65M). The 1.6M $SOL may be transferred out one after another in the following days. https://t.co/cYoWBY3aFL

Evanss6

@Evan_ss6

FTX Estate just transferred enough $SOL to cover 2 months* of legal expenses *ignores slippage on $65MM of sales https://t.co/oncSptsWIB

Wu Blockchain

@WuBlockchain

FTX Cold Storage #2 redeemed 1,600,645 SOL ($65.46M) from the staking again. There are still 3,963,725 SOL ($162M) staked at this address. FTX/Alameda address has transferred 1,259,886 SOL ($40.67M) to CEX since 10/25. SOL rose 13% in 24h to nearly $41, a new high in a year.… https://t.co/hEbrjYWZe0

Solana Surges After FTX Collapse; FTX Transfers Millions of SOL; SOL Now Trading at $39

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