2 weeks ago, FTX staked large amounts of $MATIC, $SOL, and $ETH. Now, Lookonchain reports that FTX and Alameda wallets moved over $10M in tokens to "0xde9A61c2b776e2F4C6ddB0C9Ad5cCfCfC15B0a9B".
🔶 The token was:
- Sent to #Binance :1,341 $MKR, 198,804 $LINK, 11,974 ,$AAVE and 1,900 $ETH
- Sent to #Coinbase: 1,000 $ETH
🔶 Another source also reports that #FTX transferred $SOL to Kraken, Binance, and Coinbase.
🕵️Our verdict:
FTX's decision to transfer tokens to the exchange is reasonable as:
- Debt can be settled.
- Selling is advised during this market hype as significant returns are possible.
- The market's high liquidity can facilitate the sales.
