Solana weekly gains in jeopardy as FTX transfers $15 million worth of SOL to exchanges

Solana tokens worth $15.2 million were transferred out of FTX exchange’s cold storage. SOL tokens were moved to Binance and Coinbase as FTX continues selling crypto assets. Solana weekly gains of 39.11% are likely at risk of a wipeout with rising selling pressure on SOL. okens worth $15.2 million to two cryptocurrency exchanges, Binance and Coinbase.

FTX cold storage moves 170,000 SOL to Binance FTX cold storage moves 80,000 SOL to Coinbase The mass transfer of SOL to cryptocurrency exchanges is part of FTX’s plan to shed its crypto holdings. According to previous analysis, FTX held a total of $3.4 billion in crypto. Find out more about it here. FTX and Alameda trading sold a total of $13.5 million in cryptocurrencies prior to the SOL transfer.

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