Recent on-chain data suggests a significant transfer of BOBA tokens linked to the bankrupt cryptocurrency exchange FTX and its affiliated trading firm, Alameda Research. According to a report by EmberCN on X (formerly Twitter), approximately $12.22 million worth of BOBA was moved to Coinbase Prime within a 22-hour timeframe. Coinbase Prime is an institutional-grade platform catering to sophisticated investors. EmberCN speculates that if FTX/Alameda intends to liquidate these BOBA holdings, it would likely occur through an over-the-counter (OTC) transaction, rather than directly on public exchanges. OTC trading allows for large volume trades without significantly impacting the market price. This transfer may indicate efforts to recoup assets amidst the ongoing FTX bankruptcy proceedings. The movement is being closely monitored by the crypto community for potential market impact. ```