FTX Moves $316 Million Crypto to Different Exchanges
FTX sells $316M crypto amid recovery efforts, with Solana leading the move and markets watchful for ETF news.
FTX moves $316 million in crypto to different exchanges during bankruptcy.
FTX has soldSolana and Ethereumas part of its financial recovery. Between November 7-8, they moved $60 million worth of crypto.
The sales add to market excitement, with hopes high for a Bitcoin ETF approval by the SEC.
As of November 8, Solana holds a large amount of the FTX sales, with 4.8 million SOL worth $187 million moved. Despite this, Solana’s price is strong, even going up by 5.22% recently.
Other assets likeETH, MATIC, and LDOwere also moved to pay back people who lost money in FTX’s crash last year. FTX is also selling its investments in Grayscale and Bitwise to help pay back.
