Multicoin's associated address transferred 440,000 JITOSOL tokens to a liquidity provider yesterday, worth approximately $47 million.

BlockBeats News, February 6th, according to Arkham analyst Emmett Gallic's monitoring, Multicoin's associated addresses transferred 440,000 JITOSOL tokens to liquidity providers FalconX and Galaxy Digital yesterday, worth approximately $47 million.

Emmett Gallic estimates that Multicoin still holds at least around 2.8 million SOL tokens ($250 million). In early 2021, they held as many as 24 million SOL tokens.

On February 5th, Multicoin co-founder Kyle Samani announced his departure to explore new directions in the tech space while still serving as the chairman of the largest SOL treasury company.