SOL - Solana Rallies But Can It Hold If FTX And Alameda Liquidate $192M Worth Of SOL? | Benzinga
Over the past 24 hours, Solana (CRYPTO: SOL) has rallied by a staggering 17%.
This dramatic rise appears fueled by ongoing optimism surrounding the blockchain, although concerns persist about potential sell-offs from FTX (CRYPTO: FTT) and Alameda Research.
What Happened: According to on-chain analytics firm Spot On Chain, FTX and Alameda transferred a significant 13.22 million SOL (approximately $666 million) to exchanges between Oct. 24 and Dec. 14, 2023.
Also Read: Blockchain Cyberbandits Loot Over $2B In 2023: 'Many Hacks Could've Been Prevented'
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