Millions in Altcoins Sent from FTX and Alameda Research Wallets to Exchanges
Crypto wallets associated with the now-defunct crypto exchange FTX and its sister company Alameda Research have moved a significant amount of altcoins, sending a total of $13.1 million to various crypto exchanges overnight, on November 1.
Data provided by the on-chain analysis firm Spotonchain reveals an FTX wallet first transferred altcoins worth $8.12 million to the major US-based exchange Coinbase.
The assets involved in this transfer include 46.5 million of The Graph’s GRT, valued at $4.85 million, 972,073 Render (RNDR) tokens worth $2.3 million, and 708.1 of Maker’s MKR tokens valued at $967,000.
Subsequently, wallet addresses labelled as belonging to FTX and Alameda Research initiated another transfer, sending $5.49 million to Binance and Coinbase, three hours later.
The top three assets in this transaction, by value, are 1.14 million dYdX (DYDX) tokens worth $2.64 million, 192,888 Axie Infinity (AXS) tokens valued at $1.05 million, and 5,858 Aave (AAVE) tokens valued at $522,000.
Data collected by Spotonchain indicates that a total of $78 million worth of assets have been transferred from FTX and Alameda wallets to various cryptocurrency exchanges over the past week.
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