In the world of Bitcoin and altcoins, cryptocurrencies moved to Binance have great importance. It matters who is behind the move. There is also an expectation in terms of price. Let’s see which cryptocurrencies went to Binance.
Alarm for 9 altcoins
The bankrupt crypto firm Alameda has made interesting transactions. Accordingly, the firm took part in various transactions over the past month in order to consolidate the funds. According to the Arkham Intelligence dashboard, OKX has sent $8.3 million in different altcoins to Alameda Research in the past seven days. Accordingly, on May 29, the transfers took place in more than one transaction. As a result, there are different crypto money transfers worth $ 60,000 to $ 1.4 million to the bankrupt crypto firm of the stock market.
According to the dashboard, the digital assets involved in transactions include Wrapped Bitcoin (WBTC). There’s also Celsius (CEL), Shiba Inu (SHIB), MakerDAO (MKR), Chiliz (CHZ) and DAI. On the other hand, there are Axie Infinity (AXS), Magic Internet Money (MIM) cryptocurrencies. The top 5 transfers by amount include WBTC, DAI, LEO, MIM and altcoin SHIB. As a result, the total value of these transfers is 4.8 million dollars. OKX sent Alameda a series of test transactions involving all these assets on May 23. At that time, transactions were worth $10 respectively.
What do transfers indicate?
Meanwhile, the latest transfers are indicative of OKX’s efforts to return FTX and Alameda’s frozen funds to its platform. In March, the exchange announced that it had seized $157 million in crypto assets after FTX collapsed in November 2022. Earlier this month, OKX sent $60 million worth of USDT and altcoin Mask Network tokens to the wallet of the bankrupt crypto firm. Blockchain analytics firm Arkham Intelligence reported that Alameda has transferred its remaining funds to Coinbase’s wallet. In the last 24 hours, the bankrupt firm transferred $10 million worth of USDT from its cold wallets to Coinbase Prime. It also invested $31.2 million in the US-based stock market last week. Arkham said that Alameda’s transfer records last month showed it transferred more than $250 million to Coinbase.
cryptocoin.com When we look at it in terms of transfer, another transfer news has occupied the agenda. Simon Kim, CEO of Hashed, a crypto venture fund, moved a significant amount of cryptocurrencies from his wallet to Binance. The ported cryptocurrency altcoin SAND. Accordingly, blockchain data shows that the SAND value moved is $12.73 million. The amount of SAND transported is 23.13 million units. After the transfers, there was a 2% drop in the price of SAND.
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