In the ever-evolving world of cryptocurrency, large transactions have always been a topic of interest. October 31, 2023 was no exception and several notable transfers took place in coins such as RNDR and ARB. Here’s a breakdown of the key moves made by crypto whales and institutions on this eventful day…
FTX and Alameda transfer RNDR
According to PeckShield data, an address associated with Alameda made significant transfers on the Ethereum network. Approximately 10.5 million USDC and 21.7 million REN (equivalent to approximately $1.1 million) were sent to Coinbase Prime. In parallel, 131,930 SOL (approximately $4.6 million) was sent to Binance, while the wallet on Solana still holds approximately $103 million in cryptocurrencies. Lookonchain also revealed that FTX/Alameda made another significant transfer by moving another $27.2 million worth of crypto assets on October 31. These assets include 7.17 million RNDR ($17.93 million), 131,833 SOL ($4.7 million), 1,099 ETH ($2 million), 845 MKR ($1.18 million), 21.7 million REN ( $1.12 million) and 2.5 million GRT ($273,000).
In total, FTX/Alameda transferred approximately $106 million worth of crypto assets on this date. Spot On Chain detection reported another significant move by Alameda as they deposited a total of $19.5 million worth of crypto assets to Coinbase. This includes RDNR 7.17 million (valued at $18.06 million), MKR 844.7 (about $1.18 million) and GRT 2.5 million ($273,000).
ZRX, BIGTIME and ARB transactions on exchanges
In other news, on October 31, an on-chain analyst from Ember monitoring reported that a whale transferred ZRX 5.29 million (worth $1.61 million) to Binance. This move resulted in an estimated profit of $480,000 (42% return). It is worth noting that the whale accumulated ZRX from Binance between October 20-26. Also on October 31, Ember revealed that the GSR Markets address transferred 4 million BIGTIME tokens (approximately $740,000) to Gate. Interestingly, the address used by the Bigtime project team to transfer currency to market makers had transferred 12.5 million BIGTIME tokens (equivalent to $2.3 million) to the GSR Markets address 14 hours ago.
Scopescan detection reported a whale depositing 6.583 million ARB (amounting to $6.37 million) to Coinbase two hours ago. It is noteworthy that this deposit was made at an average price of $0.97. The whale accumulated ARB from April 20 to September 14, with an average purchase price of approximately $1.2. Unfortunately, this move resulted in an estimated loss of $1.5 million. These large-scale transactions are indicative of the dynamic nature of the cryptocurrency market, where whales and institutions continue to play an important role. While crypto enthusiasts will be following these movements closely, it remains to be seen how these transactions will impact the broader crypto landscape in the coming days.
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