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FTX Labels Address Transfers $13.54M in $SOL and 3.99M in $USDT!

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Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

FTX has made substantial transfers on the Solana blockchain within the last 8 hours, moving 250K $SOL worth $13.54 million and 3.99 million $USDT tokens to Binance and Wintermute. The reasons behind these transfers are currently unknown, leaving room for speculation within the cryptocurrency community. The transfers primarily targeted Binance, a renowned cryptocurrency exchange known for its high trading volumes, and Wintermute, a prominent liquidity provider and market maker. It is unclear whether these transfers are indicative of strategic trading decisions, hedging positions, or other investment-related activities.

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