An address associated with FTX has executed a transfer of 469,587 $SOL in the last 7 hours. The value of this transfer is approximately 15.2 million dollars.
Of this significant transfer, a portion worth 250,000 $SOL (roughly 8.1 million dollars) was directed to different exchanges. It is known that FTX/Alameda holds a total of 3.4 billion dollars in crypto assets.
According to Lookonchain, 170,000 $SOL of this transfer (valued at 5.5 million dollars) was sent to the Binance exchange, while the remaining 80,000 $SOL (worth 2.6 million dollars) was directed to the Coinbase exchange.
It was stated that FTX/Alameda sold a total of $13.5 million in assets with the sale of $974,270 $RNDR ($2 million) and $21,967 $COMP ($995,000) hours before the $SOL transfer.
The Exchange is Preparing to Reopen
FTX announced at its last hearing in Wilmington, Delaware, that its post-bankruptcy relaunch plans were continuing. Representatives of the stock exchange state that they will be at the decision stage until mid-December.
The decisions and steps FTX will make in the coming days may have significant impacts on the industry.
Details: FTX Prepares to Reopen: Decision Will Be Made by Mid-December
