FTX and Alameda Crypto Transfer $13.1M to Exchanges Overnight
Key Points:
- FTX and Alameda Crypto transferred $13.1 million in altcoins to several crypto exchanges.
- The largest FTX and Alameda crypto transfers were to Coinbase and Binance, and the biggest altcoins transferred were GRT, RNDR, DYDX, AXS, and AAVE.
- FTX and Alameda Crypto Transfers follow a court-ordered liquidation process that allows FTX to sell $3.4 billion in crypto assets in weekly batches.
Cryptocurrency wallets linked to the discontinued cryptocurrency exchange, FTX, and its partner trading firm, Alameda Research, have commenced transfers totaling upwards of $13 million in diverse alternative cryptocurrencies to several crypto exchanges as of November 1.
FTX and Alameda Crypto Transferred $13.6M in Altcoins to Coinbase and Binance
On-chain analysis company Spotonchain unveiled that the FTX wallet initially transferred $8.12 million of alternative cryptocurrencies to Coinbase. These assets included 46.5 million units of The Graph’s GRT, valued at $4.85 million, 972,073 Render (RNDR) tokens totaling $2.3 million, and 708.1 Maker tokens worth $967,000.
Following this, the wallet addresses associated with FTX and Alameda Research performed another transfer valued at $5.49 million after a three-hour gap, moving the funds to Binance and Coinbase. In this transaction, the top three assets were 1.14 million dYdX (DYDX) tokens, valued at $2.64 million, 192,888 Axie Infinity tokens totaling $1.05 million, and 5,858 Aave tokens, amounting to $522,000.
FTX Moved Crypto to Exchanges Ahead of Liquidation
Before this total sum of $13.1 million was transferred on November 1, Nansen, a cryptocurrency analytics firm, voiced concerns about the movements of FTX-linked wallets during the previous week. During this period, millions of dollars in various cryptocurrencies were deposited on different cryptocurrency exchanges. Initially, a batch of alternative cryptocurrencies worth $8.1 million was sent to Binance. Nansen calculated that an extra $24.3 million in assets had departed from wallets connected to FTX and Alameda, later being deposited into Binance and Coinbase.
FTX-linked wallets have persisted in transferring their collections of alternative cryptocurrencies to crypto exchanges over the past month, following a court-ordered phased liquidation process. This court order permits FTX to sell digital assets valued at over $3 billion through an investment adviser on a schedule of weekly batches, in line with predefined rules.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Author
News
FTX and Alameda Crypto Transfer $13.1M to Exchanges Overnight
Key Points:
- FTX and Alameda Crypto transferred $13.1 million in altcoins to several crypto exchanges.
- The largest FTX and Alameda crypto transfers were to Coinbase and Binance, and the biggest altcoins transferred were GRT, RNDR, DYDX, AXS, and AAVE.
- FTX and Alameda Crypto Transfers follow a court-ordered liquidation process that allows FTX to sell $3.4 billion in crypto assets in weekly batches.
Cryptocurrency wallets linked to the discontinued cryptocurrency exchange, FTX, and its partner trading firm, Alameda Research, have commenced transfers totaling upwards of $13 million in diverse alternative cryptocurrencies to several crypto exchanges as of November 1.
FTX and Alameda Crypto Transferred $13.6M in Altcoins to Coinbase and Binance
On-chain analysis company Spotonchain unveiled that the FTX wallet initially transferred $8.12 million of alternative cryptocurrencies to Coinbase. These assets included 46.5 million units of The Graph’s GRT, valued at $4.85 million, 972,073 Render (RNDR) tokens totaling $2.3 million, and 708.1 Maker tokens worth $967,000.
Following this, the wallet addresses associated with FTX and Alameda Research performed another transfer valued at $5.49 million after a three-hour gap, moving the funds to Binance and Coinbase. In this transaction, the top three assets were 1.14 million dYdX (DYDX) tokens, valued at $2.64 million, 192,888 Axie Infinity tokens totaling $1.05 million, and 5,858 Aave tokens, amounting to $522,000.
FTX Moved Crypto to Exchanges Ahead of Liquidation
Before this total sum of $13.1 million was transferred on November 1, Nansen, a cryptocurrency analytics firm, voiced concerns about the movements of FTX-linked wallets during the previous week. During this period, millions of dollars in various cryptocurrencies were deposited on different cryptocurrency exchanges. Initially, a batch of alternative cryptocurrencies worth $8.1 million was sent to Binance. Nansen calculated that an extra $24.3 million in assets had departed from wallets connected to FTX and Alameda, later being deposited into Binance and Coinbase.
FTX-linked wallets have persisted in transferring their collections of alternative cryptocurrencies to crypto exchanges over the past month, following a court-ordered phased liquidation process. This court order permits FTX to sell digital assets valued at over $3 billion through an investment adviser on a schedule of weekly batches, in line with predefined rules.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Other Posts
Related Posts
Latest
Trust Wallet CEO Backs Web3, Plus Wallet’s Top-Tier Encryption Ensures Secure Asset Access Amid Crypto Liquidation Hits $277M
Press Release
Trust Wallet CEO Backs Web3, Plus Wallet’s Top-Tier Encryption Ensures Secure Asset Access Amid Crypto Liquidation Hits $277M
Best Cryptos to Join Now: Experts Reveal Top Picks for Explosive Gains
