FTX and Celsius, two leading players in the cryptocurrency world, demonstrated their market dynamics in a striking way. Because it attracted the attention of the global crypto community by making huge transactions. These events were monitored by on chain data analyst @ai_9684xtpa. The data revealed a series of transactions totaling $35.1 million involving the transfer of Wrapped Bitcoin (WBTC) and Ethereum (ETH). On the other hand, Fetch.ai (FET) coin and ARB transactions attracted attention. Here are the details…
FTX and Alameda took action
The collaborative efforts of FTX and Alameda resulted in a groundbreaking move by collectively processing transactions worth $11.72 million, which included the transfer of WBTC and ETH. Spotonchain’s revealing data reveals that an impressive 200 WBTC worth $9.39 million traded on Binance at $46,952. Simultaneously, 1,000 ETH, with a total value of $2.33 million, made their way to Coinbase and were traded at a price of $2,330.
In a parallel development, the Celsius network staged a significant move by mining and transferring a significant amount of ETH, amounting to 10,000 ETH. This massive transaction, valued at $23.39 million, led ETH to head to both Coinbase and FalconX. It is worth noting that Celsius still has significant assets of 556,927 ETH, which is equivalent to $1.28 billion.
ARB and FET coin moves attracted attention
Again, analyst @ai_9684xtpa added another development to his shares. Because it was revealed that GSR Markets resent 5 million ARB to Binance in the last 14 hours. The analyst reveals that this transaction amounts to a staggering $9.01 million. ARB’s influx into Binance highlighted GSR Markets’ active role in shaping market dynamics. As the market digests this ARB influx, questions arise about GSR Markets’ strategic positioning and its potential impact on ARB’s value and trading patterns.
On the other hand, in another important development, the analyst reported that DWF Labs made a significant move by transferring 2 million FET coins (approximately $1.35 million) to Binance. This transaction, which took place 7 hours ago, adds another dimension to the evolving cryptocurrency landscape, revealing DWF Labs’ active role in market movements. As the crypto community digests this latest development, attention is turning to the motivations and implications of DWF Labs’ FET transfer. The timing and scale of the transaction raises questions about its strategic objectives, inviting further analysis and speculation in the dynamic crypto ecosystem.
METIS procedures were also critical
Finally, on January 9, according to the analyst’s observations, the address starting with 0x2D0 transferred approximately 20,172 METIS (approximately $1.75 million) to Coinbase 5 hours ago. Suspicious market maker address, 9 out of 11 monitored addresses transferred a total of 235,000 tokens to CEX and had 73,000 tokens remaining.
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