In its most recent announcement, cryptocurrency analysis firm Nansen has reported that the financially troubled FTX company, which has been consistently transferring substantial amounts of altcoins to centralized exchanges for liquidation in recent days, has executed another round of token transfers in the past few hours.
As per Nansen's analysts, within the last few hours, FTX and its associated Alameda wallets have moved various cryptocurrencies to cryptocurrency exchanges. These transfers include Basic Attention Token (BAT) valued at $1.6 million, Mask Network (MASK) valued at $2.4 million, Polygon (MATIC) valued at $2.5 million, Compound (COMP) valued at $465,000, Lido Finance (LDO) valued at $1.2 million, and Ethereum (ETH) valued at $5 million.
In the most recent batch of transfers, a total of $13.7 million was moved.
Nansen clarified that they excluded altcoins valued at less than $1,000 from their recorded transfers.
Furthermore, Nansen documented an additional $16.8 million in transfers that occurred earlier in the day. When considering the two significant transfers made today, FTX has now executed a cumulative total of $232 million in transfers. Notably, a substantial portion of these transfers, amounting to $110 million, involves Solana (SOL).
Despite facing selling pressure, SOL has witnessed a remarkable surge in value over the past few days.
Comments