FTX Estate Moves $7.08 Million Solana to Coinbase Prime, Fueling Speculation About Large-Scale Sales

The FTX estate has transferred another large batch of Solana (SOL) to Coinbase Prime, valued at approximately $7.08 million.

This latest move follows a similar transfer of 201,000 SOL worth around $15.14 million to BitGo custody just a day earlier.

The consecutive transfers suggest that the FTX estate is consolidating its crypto assets on platforms designed for institutional trading and liquidation.

Coinbase Prime is commonly used by large-scale sellers, which may indicate an intent to sell the SOL holdings in the near future.