{"id":34670,"date":"2023-12-22T21:06:14","date_gmt":"2023-12-22T21:06:14","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/12\/22\/ftx-alameda-make-solana-sol-transfers-this-quarter\/"},"modified":"2023-12-22T21:06:15","modified_gmt":"2023-12-22T21:06:15","slug":"ftx-alameda-make-solana-sol-transfers-this-quarter","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/12\/22\/ftx-alameda-make-solana-sol-transfers-this-quarter\/","title":{"rendered":"FTX, Alameda Make Solana (SOL) Transfers This Quarter"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><span data-preserver-spaces=\"true\">Solana (SOL) has recorded good points up to now week, however two substantial holders of SOL can probably affect the market. On-chain analytics agency Spot On Chain reported on Friday that Solana has seen a major rise in value in 24 hours. At press time, Solana\u2019s surge within the 24-hour body is shut to six% based mostly on CoinGecko information.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u00a0<\/span><span data-preserver-spaces=\"true\">Spot On Chain identified that the surge propelled SOL forward of Binance Coin (BNB) by way of\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/coingape.com\/solana-sol-flips-xrp-as-it-tops-ethereum-in-24hr-dex-volume\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">market capitalization.<\/span><\/a><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span data-preserver-spaces=\"true\">\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Also Read:\u00a0<\/span><\/strong><a class=\"editor-rtfLink\" href=\"https:\/\/coingape.com\/solana-sol-price-moves-closer-to-100-flipping-binance-coin-for-fourth-spot\/\" target=\"_blank\" rel=\"noopener\"><strong><span data-preserver-spaces=\"true\">Solana (SOL) Price Shoots to $100 Flipping Binance Coin for Fourth Spot<\/span><\/strong><\/a><\/p>\n<h2><span data-preserver-spaces=\"true\">FTX\u2019s SOL gross sales this quarter<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The agency\u2019s evaluation of key on-chain\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/spotonchain\/status\/1738090366870712777\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">data<\/span><\/a><span data-preserver-spaces=\"true\"> additionally revealed that FTX and Alameda transferred roughly 13.22 million SOL, valued at round $666 million, to numerous exchanges from October 24 to December 14, 2023. The agency traced the transactions from two public SOL addresses and one other FTX-related deal with to exchanges and certain Coinbase. This leaves an estimated 2.08 million SOL accessible for quick commerce, as per the report.<\/span><\/p>\n<figure id=\"attachment_170832\" aria-describedby=\"caption-attachment-170832\" style=\"width: 957px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-170832 size-full\" alt=\"FTX SOL\" width=\"957\" height=\"657\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-22-205313.png 957w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-22-205313-300x206.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-22-205313-768x527.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-22-205313-150x103.png 150w\" data-lazy-sizes=\"(max-width: 957px) 100vw, 957px\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-22-205313.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-170832 size-full\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-22-205313.png\" alt=\"FTX SOL\" width=\"957\" height=\"657\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-22-205313.png 957w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-22-205313-300x206.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-22-205313-768x527.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-22-205313-150x103.png 150w\" sizes=\"auto, (max-width: 957px) 100vw, 957px\"\/><\/noscript><figcaption id=\"caption-attachment-170832\" class=\"wp-caption-text\">Source: Spot On Chain<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">It can also be reported that solely 27% of FTX\u2019s whole SOL holdings, roughly 15.3 million SOL, have been unlocked. Therefore, they reportedly possess about 2 million SOL, price roughly $192 million, at their disposal for liquidation. This is a major quantity to affect the value of SOL.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><span data-preserver-spaces=\"true\">Impact of potential sell-off<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Spot On Chain famous that 40.5 million SOL, or 73% of the holding valued at practically $4 billion, is about to be step by step launched on schedule.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span data-preserver-spaces=\"true\">Roughly 609,000 SOL are unlocked every month, and vital quantities are set for launch in early 2025. Based on this schedule, Spot on Chain finds that it&#8217;s unlikely that FTX and Alameda\u2019s potential future sell-offs of SOL will considerably affect the market within the close to time period.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The value of SOL has skilled round a 30% improve over the previous week. However, the analytics agency underlined that the function of FTX and Alameda as main holders of SOL stays a focus.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">At the time of FTX\u2019s chapter, CoinGecko estimated FTX and Alameda\u2019s SOL holdings at 55.8 million, price $1.16 billion on the time. SOL topped the holding adopted by Bitcoin (BTC) and Ethereum (ETH).<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Also Read:\u00a0<\/span><\/strong><a class=\"editor-rtfLink\" href=\"https:\/\/coingape.com\/markets\/solana-price-prediction-sol-reclaim-100-before-new-year\/\" target=\"_blank\" rel=\"noopener\"><strong><span data-preserver-spaces=\"true\">Solana Price Prediction: Is $SOL Ready to Reclaim $100 Before New Year?<\/span><\/strong><\/a><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/is-solanas-sol-market-performance-tied-to-ftx-alameda-liquidations\/\" target=\"_blank\" style=\"display: block\" rel=\"noopener\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/is-solanas-sol-market-performance-tied-to-ftx-alameda-liquidations\/\" target=\"_blank\" rel=\"noopener\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here&rsquo;s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA170831\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Shraddha&#8217;s skilled journey spans over 5 years, throughout which she labored as a monetary journalist, protecting enterprise, markets, and cryptocurrencies. As a reporter, she has positioned explicit emphasis to be taught in regards to the market interplay with rising applied sciences.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/d900261633ba7c75c9138bb33015a313?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/d900261633ba7c75c9138bb33015a313?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/d900261633ba7c75c9138bb33015a313?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/d900261633ba7c75c9138bb33015a313?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD170831\">\n<p>  The introduced content material might embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. 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On-chain analytics agency Spot On Chain reported on Friday that Solana has seen a major rise in value in 24 hours. At press time, Solana\u2019s surge within the 24-hour body is shut to 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