Recent on-chain data indicates that addresses associated with FTX and Alameda Research moved 62,496 SOL, valued at $9.07 million, to Coinbase approximately 4 hours ago. This significant transfer, reported by Onchainlens, raises questions about the entities' current holdings and potential market impact. These addresses still retain 110,195 SOL, worth an estimated $16.07 million. The reason behind the Coinbase deposit remains unclear. It could be preparation for selling the SOL tokens, hedging against market volatility, or potentially for other strategic purposes. This movement is noteworthy considering the ongoing bankruptcy proceedings involving FTX and Alameda. Any significant sell-off of SOL holdings could potentially exert downward pressure on the cryptocurrency's price, impacting the broader market sentiment. Investors and market participants will be closely monitoring the situation for further developments. ```