FTX and Alameda Research Transfer $10.8 Million Worth of Tokens in 12 Hours - Latest cryptocurrency news

FTX and Alameda Research Transfer $10.8 Million Worth of Tokens in 12 Hours

FTX and Alameda Research have transferred a total of $10.8 million worth of tokens from six different cryptocurrencies in the past 12 hours. These transactions include transfers to Centralized Exchanges (CEX) and Wintermute, indicating significant changes in their token portfolios.

The detailed distribution of token transfers made by FTX and Alameda Research is as follows: $2.58 million from 10 million GMT, $2.41 million from 407,000 UNI, $2.25 million from 5.23 million SYN, $1.64 million from 8.76 million KLAY, $644,000 from 77.77 billion SHIB, and $1.18 million from approximately 3.87 million FTM.

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The regular movement of these tokens reflects the strategic decision-making process of FTX and Alameda Research, which affects various projects in the cryptocurrency space.

Since October 24th, this latest transfer by FTX and Alameda Research is part of significant movements worth a total of $551 million from 59 different assets. The frequency and scale of these transfers highlight the dynamic nature of investment strategies and active participation in the broader cryptocurrency market.

Large-scale token transfers by influential players like FTX and Alameda Research have wide-ranging implications for the crypto world. The activities of a major exchange raise the question of a potential revival in the market.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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