• FTX moved its Solana holdings, and the price of SOL started to fall.
• Sentiment remained positive, however, interest in NFTs declined.

Solana [SOL] has witnessed many ups and downs over the last year. The collapse of FTX was one of the major reasons for SOL’s price volatility.

After the fall of FTX, there was high speculation about its impact on SOL. This was because FTX held large amounts of SOL.

SOL on the move

Recently, it was seen that FTX moved 250,000 SOL tokens, worth $13.6 million, to Kraken. Now, FTX’s public Solana addresses hold only 3,408 SOL, equivalent to $185,000.

FTX deposited 250K $SOL($13.6M) to #Kraken 7 hours ago.

Currently, FTX’s public addresses on #Solana only have 3,408 $SOL ($185K) left.https://t.co/A4CyCXgVzS pic.twitter.com/4EVtrwoYyX

— Lookonchain (@lookonchain) November 14, 2023

Over the last 24 hours, it was seen that the price of SOL fell by 6.52%. However, in terms of the social front, there was high social volume for SOL.

Coupled with that, the weighted sentime

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Author: Himalay Patel

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