FTX/Alameda Moves 146 Million BOBA Tokens to Coinbase Prime Following Boba Network’s Full Circulation Launch

COINOTAG News reports that following the full circulation release of the Boba Network token, significant on-chain activity was observed. Within a 22-hour window, the FTX/Alameda wallet liquidated its entire BOBA holdings, totaling approximately 146 million tokens, valued near $12.22 million. These assets were subsequently transferred to Coinbase Prime, signaling a notable shift in institutional crypto asset management. This transaction underscores the ongoing liquidity movements within decentralized finance ecosystems and highlights the strategic reallocations by major market participants. Such developments are critical for investors monitoring token circulation dynamics and exchange inflows in the evolving crypto landscape.