FTX creditors might be getting their SOL back. ๐๐
Theo Arkham, the wallets linked to Alameda Research have just transferred a total of $8.25M SOL across 24 transactions to a BitGo custody wallet, reportedly to facilitate the distribution of compensation to FTX creditors.
Notably, Alameda still holds more than $200M SOL.
I think this is a pretty big reminder: FTX may be gone, but its massive crypto treasury is still moving through the market.
Alameda: โWe found some SOL.โ
FTX creditors: โFinally.โ ๐
Do you guys think the remaining SOL will continue to be sent to creditors, or will the market have to absorb an even larger amount of SOL?
#BrainrotCrypto #DigitalSchizophrenia
Theo Arkham, the wallets linked to Alameda Research have just transferred a total of $8.25M SOL across 24 transactions to a BitGo custody wallet, reportedly to facilitate the distribution of compensation to FTX creditors.
Notably, Alameda still holds more than $200M SOL.
I think this is a pretty big reminder: FTX may be gone, but its massive crypto treasury is still moving through the market.
Alameda: โWe found some SOL.โ
FTX creditors: โFinally.โ ๐
Do you guys think the remaining SOL will continue to be sent to creditors, or will the market have to absorb an even larger amount of SOL?
#BrainrotCrypto #DigitalSchizophrenia
