Alameda Research FTX estate transferred 91.69K SOL (~$7.08M) to Coinbase Prime for sale, following a 201K SOL transfer day prior.
Macro & Markets ·
The Alameda Research FTX estate moved 91.69K SOL (approximately $7.08M) from BitGo Custody to Coinbase Prime, signaling an intent to sell the assets. This transfer followed a movement of 201K SOL (roughly $15.14M) into BitGo Custody the previous day, according to blockchain data tracked by Nansen.
The pattern reflects a staged liquidation process: the estate first consolidated holdings in BitGo Custody via multiple transactions across several addresses, then moved a portion to Coinbase Prime—a platform with direct market-selling capabilities—within a day. The initial 201K SOL transfer occurred across multiple on-chain transactions distributed to various BitGo custody addresses.
The sequence leaves open whether additional tranches from the remaining balance will move to exchanges for further sales, and at what pace the estate intends to execute additional liquidations of its Solana holdings.