2024

Solana

Movement

Million

Earlier this month, Delaware District Bankruptcy Court Judge John Dorsey approved the restructuring plan for FTX, paving the way for repayments to creditors. Following this decision, there has been significant movement in FTX’s wallets.
<h2 id="28-million-in-solana-transactions-detected-in-ftx-wallets">$28 Million in Solana Transactions Detected in FTX Wallets</h2>
According to on-chain analyst EmberCN, an address associated with FTX/Alameda (H4y…gFZ) recently executed a $28 million transaction in Solana (SOL). Specifically, this address, linked to FTX and Alameda Research, received 178,631 SOL (worth $28 million) about six hours ago.
Upon reviewing previous SOL transfers, the analyst predicts that these Solana tokens will likely be distributed across multiple addresses and eventually sent to exchanges like <a href="https://www.turkishnyradio.com/sec-cornered-again-in-ripple-case-coinbase-enters-the-scene/" target="_blank" rel="noopener noreferrer nofollow">Coinbase </a>or Binance.
<blockquote class="twitter-tweet">
 FTX/Alameda 关联钱包 H4y…gFZ 在 7 小时前将昨天赎回的 177,693 枚 SOL($23.75M) 转移分发到了 20 个地址。
 根据这些地址此前的转移记录，其中大部分地址接收到的 SOL 会在后续流入 Coinbase 或 Binance。<a href="https://t.co/fJhacUxnHe" rel="noopener noreferrer nofollow" target="_blank">https://t.co/fJhacUxnHe</a>
 本文由 <a href="https://twitter.com/hashtag/Bitget?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#Bitget</a>｜<a href="https://twitter.com/Bitget_zh?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@Bitget_zh</a> 赞助 <a href="https://t.co/WVzT8dHljV" rel="noopener noreferrer nofollow" target="_blank">https://t.co/WVzT8dHljV</a> <a href="https://t.co/nqeDF2aYat" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/nqeDF2aYat</a>
 — 余烬 (@EmberCN) <a href="https://twitter.com/EmberCN/status/1834396898331164824?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">September 13, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The analyst also noted that the SOL transfers from the FTX-Alameda address have been fairly consistent, with around 170,000 SOL being moved between the 12th and 15th of each month.
Currently, the FTX/Alameda address still holds 7.09 million SOL (worth $1.107 billion) in staked assets.
Solana has seen a 2% increase in the past 24 hours and is currently trading at $155 at the time of writing.
For more updates on the latest market movements, stay tuned to Turkish NY Radio.

Attention Altcoin Investors! $28 Million Movement in FTX Wallets

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