Taking advantage of the rise in the cryptocurrency market, FTX and Alameda Research moved millions of dollars worth of altcoins to the stock exchanges.
Reported by on-chain analysis platform Spot On Chain to data According to the bankrupt cryptocurrency companies FTX and Alemeda, they took action by taking advantage of the rise in the market.
Common wallet wallets belonging to both companies, 27 February to cryptocurrency exchange Coinbase $6.45 million worth 2,000 Ethereum and Binance $2.04 million worth 163.727 Prom (PROM) transferred.
Companies that sold their assets to repay their creditors were listed on the stock exchanges last month. $27.6 million worth 10,447 ETH sent. These transfer transactions are on average At $2,641 done. Ethereum price has increased in the last month despite all this selling pressure. up 42%.
According to CoinGecko data, in the last 24 hours only 6.5% Ethereum, which is on the rise, at the time of writing from $3,258 is being traded.