Remarkable Detail in FTX’s Altcoin Transfers: Ethereum Price is Falling!

Bankrupt cryptocurrency companies FTX and Alameda Research continue to transfer altcoins to exchanges.

Reported by on-chain analysis platform Lookonchain to data according to FTX And AlamedaEthereum (ETH) transfers continue without slowing down.

Companies we passed within 15 days US-based cryptocurrency exchange Coinbase $24.5 million worth 6,500 Ethereum transferred. The noteworthy point was the decrease in the price after the companies’ Ethereum transfers.

FTX and Alameda valued at $6.28 million in the same 15-day period 6 different altcoins He made another transfer. Among these altcoins ALI, GAL, TONCOIN, WAVES, OHM, HGET, TLM And MTA took place.

Witnessing the biggest transfers among the 6 altcoins in question Artificial Liquid Intelligence (ALI) And Galxe (GAL) happened. To market maker Wintermute $2.75 million worth to ALI and cryptocurrency exchange Binance $1.78 million worth of GALs were sent.

FTX and Alameda make these transfers in order to repay their debts to their creditors.


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