FTX Moved 4 Altcoins to Binance and Coinbase: Possibility of Sale Dropped Prices!

Bankrupt cryptocurrency exchange FTX and its sister company Alameda Research came to the fore with the transfer of altcoins worth millions of dollars.

Wallets linked to FTX and Alameda October 25 day took action. Reported by on-chain analysis platform Lookonchain to data According to the report, the wallets in question held cryptocurrencies worth millions of dollars. Binance And to Coinbase transferred. Market maker of the transferred Binance wallet Wintermute It was noteworthy that it was a Binance wallet.

The wallets in question are $5.18 million worth 2,904 Ethereum (ETH), $2.02 million worth 1,341 Makers (MKR), $1.03 million worth 11,974 AAVE (AAVE), $2.26 million worth 198.804 Chainlink (LINK) made the submission.

Although there is no clear statement about the transfers, market experts consider these transactions Pre-sale preparations He described it as.

Following these transactions on the FTX front, a decrease was observed in the cryptocurrencies in question.

After the transaction is completed, AAVE close to 6% down 86.45 from dollars 81.37 fell to the dollar. MRK 5.5% down 1,515 from dollars 1,434 to the dollar, LINK is 7% down 11.53 from dollars 9.82 fell to the dollar. Ethereum was not noticeably affected by the sales transactions.

FTX has the authority to sell altcoins

At the beginning of last September, the US Bankruptcy Court for the District of Delaware issued a judgment to FTX’s investors. in order to make a refund He gave the green light to sell his cryptocurrencies. However, Judge John Dorseyonly per week for most cryptocurrencies 100 million dollars He stated that the sale would be allowed.

According to court filings, FTX held the $3.4 billion worth of cryptocurrencies.


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