๐จ $SOL โ FTX Distribution Risk Is Becoming Real
Alameda Research reportedly moved $8.25M in SOL to BitGo custody across 24 transactions, potentially marking the start of FTX creditor distributions.
โ ๏ธ Important: The SOL moved to custody, not exchanges, so immediate selling pressure is not confirmed.
๐ Key trigger: Watch for follow-on transfers from BitGo/creditor wallets to exchanges. That would signal potential sell-side pressure.
$SOL still faces a large FTX-estate overhang, with Alameda reportedly holding $200M+ in SOL.
#SOL #Solana #Crypto #BฤฐNANCE
Alameda Research reportedly moved $8.25M in SOL to BitGo custody across 24 transactions, potentially marking the start of FTX creditor distributions.
โ ๏ธ Important: The SOL moved to custody, not exchanges, so immediate selling pressure is not confirmed.
๐ Key trigger: Watch for follow-on transfers from BitGo/creditor wallets to exchanges. That would signal potential sell-side pressure.
$SOL still faces a large FTX-estate overhang, with Alameda reportedly holding $200M+ in SOL.
#SOL #Solana #Crypto #BฤฐNANCE