FTX Cold Wallet Receives $39.7M in $SOL from Coinbase Prime

In a significant on-chain move, the #FTX cold wallet at

9uyDy9VDBw4K7xoSkhmCAm8NAFCwu4pkF6JeHUCtVKcX

received 252,847 SOL (valued at $39.72 million) from Coinbase Prime about 18 hours ago.

The transfer has sparked fresh speculation about FTX estate operations—potential asset consolidation, treasury restructuring, or early signs of a new phase in the ongoing recovery process.

Regardless of intent, $40 million in #sol on the move is not something the market ignores lightly.