FTX Cold Storage’s Big Transactions Coincide With 40% SOL Spike
Key Points:
- FTX Cold Storage #2 recently redeemed 1.6M SOL and transferred 1.26M SOL to crypto exchanges.
- Despite unstaking 1.6M SOL in late October, these funds remain in the staking account.
- These transactions coincide with a 40% increase in SOL value to $41.
FTX Cold Storage #2 redeemed 1.6M SOL ($65.46M), with 3.96M SOL ($162M) still staked after it had transferred 1.26M SOL ($40.67M) to CEX on October 25. These transactions coincide with a 40% increase in SOL value to $41.
FTX Cold Storage #2, a major crypto wallet associated with FTX/Alameda, has been involved in significant cryptocurrency transactions recently.
Recent Transactions by FTX Cold Storage #2
On November 1st, it redeemed 1,600,645 SOL (worth approximately $65.46 million), with 3,963,725 SOL (around $162 million) remaining staked at the address. Since October 25, this address has transferred 1,259,886 SOL ($40.67 million) to crypto exchanges. These transactions coincide with a 40% increase in SOL value to over $41, a new annual high.
In late October, Wu Blockchain reported FTX Cold Storage #2 unstaked 1.6 million SOL, worth about $58.76 million. However, these funds are still held in the staking account. The wallet also holds over $100 million in various assets, including WBTC, JSOL, mSOL, ETH, and USDT.
On October 26, Lookonchain reporetd that FTX Cold Storage #2 transferred $469,587 SOL ($15.2 million) out, with 250K SOL ($8.1 million) going to exchanges. Of this, 170K SOL ($5.5 million) was transferred to Binance, and 80K SOL ($2.6 million) to Coinbase.
Composition of FTX/Alameda’s Diverse Crypto Asset Portfolio
FTX/Alameda’s assets include significant holdings in SOL, BTC, ETH, APT, USDT, XRP, BIT, STG, WBTC, WETH, SRM, MAPS, OXY, MEDIA, FIDA, BRZ.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Author
Analysis
FTX Cold Storage’s Big Transactions Coincide With 40% SOL Spike
Key Points:
- FTX Cold Storage #2 recently redeemed 1.6M SOL and transferred 1.26M SOL to crypto exchanges.
- Despite unstaking 1.6M SOL in late October, these funds remain in the staking account.
- These transactions coincide with a 40% increase in SOL value to $41.
FTX Cold Storage #2 redeemed 1.6M SOL ($65.46M), with 3.96M SOL ($162M) still staked after it had transferred 1.26M SOL ($40.67M) to CEX on October 25. These transactions coincide with a 40% increase in SOL value to $41.
FTX Cold Storage #2, a major crypto wallet associated with FTX/Alameda, has been involved in significant cryptocurrency transactions recently.
Recent Transactions by FTX Cold Storage #2
On November 1st, it redeemed 1,600,645 SOL (worth approximately $65.46 million), with 3,963,725 SOL (around $162 million) remaining staked at the address. Since October 25, this address has transferred 1,259,886 SOL ($40.67 million) to crypto exchanges. These transactions coincide with a 40% increase in SOL value to over $41, a new annual high.
In late October, Wu Blockchain reported FTX Cold Storage #2 unstaked 1.6 million SOL, worth about $58.76 million. However, these funds are still held in the staking account. The wallet also holds over $100 million in various assets, including WBTC, JSOL, mSOL, ETH, and USDT.
On October 26, Lookonchain reporetd that FTX Cold Storage #2 transferred $469,587 SOL ($15.2 million) out, with 250K SOL ($8.1 million) going to exchanges. Of this, 170K SOL ($5.5 million) was transferred to Binance, and 80K SOL ($2.6 million) to Coinbase.
Composition of FTX/Alameda’s Diverse Crypto Asset Portfolio
FTX/Alameda’s assets include significant holdings in SOL, BTC, ETH, APT, USDT, XRP, BIT, STG, WBTC, WETH, SRM, MAPS, OXY, MEDIA, FIDA, BRZ.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Other Posts
Related Posts
Latest
Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance
Press Release
Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance
New York Techie Bagged $72M from $15K Investment in Ethereum — Here’s How BlockDAG Can Offer Similar Jackpot
