Crypto NewsAltcoinWhile FTX Solana Continues Its Sales, SOL Continues to Stay Strong! What...

While FTX Solana Continues Its Sales, SOL Continues to Stay Strong! What Are Analysts' Target for Solana?

While FTX's Solana sales continue, analysts remain hopeful about Solana.

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While FTX continues to sell its remaining crypto assets, a large amount of transfers were made to the exchanges today.

According to on-chain data, while FTX moved the majority of Solana assets to the exchanges, the popular platform Spot on Chain announced that FTX and Alameda-affiliated wallets transferred approximately $40 million to the exchanges in the last 24 hours.

While this latest transfer is a continuation of the large transfers that have taken place in the last few weeks, FTX and Alameda transferred 7 altcoins worth $ 38.5 million to the exchanges.

Accordingly, FTX; 750 thousand SOLs valued at $31.2 million, 325,501 ENS valued at $2.76 million, 10.1 million GMTs valued at $2.22 million, 642,702 LDOs valued at $1.26 million, 288,211 APEs valued at $410 thousand, $365 thousand He carried 27,407 BADGER worth 27,407 and 555,342 BNT worth 323 thousand dollars.

Spot on Chain stated that FTX and Alameda transferred 36 altcoins worth a total of $350 million to the exchanges as of November 8.

Spot on Chain also added that FTX deposited 250k SOL worth $10.83 million to Binance at $43.32 about 2 hours ago.

Accordingly, Spot on Chain stated that FTX has deposited 5.74 million SOL worth approximately 223 million dollars to the exchanges so far and added: “FTX has only 1.25 million SOL worth 54.5 million dollars left.” said.

Although FTX's sell-off of Solana continues, SOL bulls continue to ease the selling pressure on the altcoin.

Analysts state that at this point, SOL follows a rising channel model and has entered an upward trend, stating that Solana broke an important resistance around $28 for the first time since July and made a significant rise.

While analysts think that SOL can reach $ 50 if it continues its upward momentum, Kaiko stated that Solana showed a good performance against Ethereum and said that the SOL / ETH rate has shown a consistent increase since September.

“Since September, SOL has been by far the outperformer; the SOL to ETH ratio jumped from 0.011 to almost 0.025, breaking the ratio just before the FTX crash.”

SOL continues to trade at $43.6 at the time of writing.

*This is not investment advice.

Buradaki Yorumlardan Bildirim Al

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