Woofun AI reports that the FTX estate has initiated another significant transfer of Solana (SOL) assets, moving funds to Coinbase Prime in a move that underscores the continued liquidation efforts by the bankrupt exchange and its sister firm, Alameda Research. This activity was tracked by Onchain Lens, highlighting the systematic nature of these asset movements.

The most recent transaction involved the transfer of 91,000 Solana (SOL), valued at approximately $7.08 million, which occurred on Tuesday. This specific movement to the institutional custody platform Coinbase Prime indicates a strategic consolidation of assets on venues designed for large-scale institutional trading and subsequent monetization.

This event follows a similar, larger transfer just one day prior, where 201,000 SOL worth roughly $15.14 million was moved from the same wallet to BitGo custody. The consecutive nature of these substantial SOL holdings transfers suggests a coordinated effort to prepare assets for distribution or sale through established custodial channels.

Woofun AI data shows. Since the collapse of FTX in November 2022, a court-appointed management team has been actively working to recover and monetize the estate's holdings to repay creditors. A significant portion of the Solana assets currently held by the estate was originally acquired by Alameda Research before the bankruptcy proceedings began, forming a core part of the recovery portfolio.

Market observers often interpret such movements to platforms like Coinbase Prime as precursors to potential sales, which could introduce downward pressure on SOL’s price. While previous large batches of SOL were sold through over-the-counter (OTC) deals to mitigate short-term volatility, the timing and pace of these sales remain critical variables that can test market support levels if accelerated.

The latest transfer represents another incremental step in the gradual, structured liquidation process within the FTX bankruptcy resolution. As creditors and market participants continue to monitor on-chain data for further clues, the consistent pattern of asset movement reinforces the expectation of ongoing, methodical sales rather than sudden, disruptive dumps.