Alameda Research-linked wallet has redeemed 177.7K SOL tokens.
Alameda also transferred 143,800 WLD and 373 AAVE to Binance and Coinbase.
SOL is up almost 3% in the past 24 hours.
Alameda Research, the bankrupt sister company of FTX, has transferred significant amounts of cryptocurrency to leading exchanges; Binance and Coinbase.
Blockchain analytics platform PeckShield highlighted these transactions, which involved multiple altcoins; most notable, the redemption of 177.7K SOL tokens, worth $24.11 million, suggesting a crash in the price of the digital asset if it sells the coins.
Additionally, another Alameda address transferred 143,800 WLD (over $200,000) to Binance and 373 AAVE (around $55,300) to Coinbase.
#PeckShieldAlert #Alameda-labeled address has transferred 143.8K $WLD (worth ~$200K) to #Binance & 373 $AAVE (worth ~$55.3K) to #Coinbase within the last 8 hours pic.twitter.com/dEOj2ro6Zu
— PeckShieldAlert (@PeckShieldAlert) September 12, 2024
Price Action of SOL, AAVE, and WLD
Alameda’s movements could influence the prices of these altcoins.
Alameda transferring these cryptocurrencies might result in a bearish trend for these altcoins.…
The post Solana Price at Risk as Alameda Unloads $24M in SOL Tokens appeared first on Coin Edition.
