$92 Million Worth SOL Transferred To FTX

Earlier today a wallet sent 3.1 million SOL to FTX exchange.

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SOL is down 11% in the last 24 hours.

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It is being speculated that SOL transfer is connected to Sam Bankman-Fried’s FTX exchange and his trading firm, Alameda Research.

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As per speculations, Alameda might try to dump its SOL tokens in a bid to raise fresh liquidity.

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It all began when Binance CEO announced they will be liquidating $500 million worth of FTT.

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The announcement caused a panic among FTT holders as its price plunged nearly 30% in 24 hrs.

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SBF has claimed that a “competitor” is trying to get them by spreading false rumors.

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