This morning, a large on-chain transfer of SOL tokens worth $1.565 billion may be an internal operation by the same validator
PANews reported on May 9th, according to Whale Alert monitoring, at 07:58 Beijing time today, an address starting with 14Y7R transferred 11 million SOL to a new address starting with 8k21e6, worth about $1.565 billion. Upon inspection, both of these addresses are staking accounts and in the account permissions, they both have the same staking, withdrawal and ban sale permission addresses. This large transfer may be an internal transfer behavior of the same validator. Today some users from platform X believe this transfer is related to FTX estate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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