FTX made a transfer of 1.5 million SOL worth approximately $90 million to another wallet. Later, this wallet sent 4.16 million SOL worth $248.67 million to the cryptocurrency exchange Coinbase.

Experts noted that these funds were sent to Coinbase to store large amounts in the Solana cryptocurrency.

At the time of writing, the price of SOL was approaching the $60 mark.

Recall that at the end of October 2023, the SOL exchange rate increased by about 50%. Experts from Kaiko expressed the opinion that one of the factors influencing the price increase was price pressure from users of the Coinbase exchange.

Analysts at the investment company VanEck are also considering a baseline scenario according to which the SOL cryptocurrency could reach $335 by 2030. However, in case of a decrease in the share of Solana and the development of a bearish scenario, the value of the asset may fall to $ 10.

Moreover, experts foresee a possible increase in the value of the crypto asset to $3,211 by 2030, provided that the project implements a number of new functions and increases its profitability several times.