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SOL Drops 5% as FTX Estate Transfers Tokens to Binance, Kraken
The $30 million transfer takes the total SOL moved to exchanges to $102 million, the most out of any liquid asset, while the token's price is near the highest in a year.
The FTX estate moved 750,000 in Solana (SOL) , worth about $30 million, to crypto exchanges Binance and Kraken on Monday, the first step ahead of a possible sale, driving the price down 5% over 24 hours.
So far, the bankrupt crypto exchange's estate has moved $102 million in SOL to exchanges in a series of transactions that may exert selling pressure on the token.
Read More: https://www.coindesk.com/markets/2023/11/06/sol-drops-5-as-ftx-estate-transfers-tokens-to-binance-kraken/
The $30 million transfer takes the total SOL moved to exchanges to $102 million, the most out of any liquid asset, while the token's price is near the highest in a year.
The FTX estate moved 750,000 in Solana (SOL) , worth about $30 million, to crypto exchanges Binance and Kraken on Monday, the first step ahead of a possible sale, driving the price down 5% over 24 hours.
So far, the bankrupt crypto exchange's estate has moved $102 million in SOL to exchanges in a series of transactions that may exert selling pressure on the token.
Read More: https://www.coindesk.com/markets/2023/11/06/sol-drops-5-as-ftx-estate-transfers-tokens-to-binance-kraken/
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