Ethereum

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Spot

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<ul class="news-points"> 
 <li>FTX recently moved $3.32 million in tokens to Coinbase, Binance, and FalconX.</li> 
 <li>Over the past week, FTX sent 21 tokens worth $15.1 million to exchanges.</li> 
 <li>FTX’s recent sell-offs saw Bitcoin in the $38K region.</li> 
</ul> 
Speculation has emerged that the crypto market could be at risk of another significant selling pressure amid the movement of millions of dollars by bankrupt FTX entities to liquid platforms for a potential liquidation. 
Market tracker Spot On Chain recently disclosed via social media platform X that wallets associated with FTX and Alameda have moved eight tokens to <a href="https://coinedition.com/review/crypto-exchanges/" target="_blank" rel="noreferrer noopener">centralized exchanges</a> Coinbase, Binance, and FalconX. Per the disclosure, the moved tokens are worth $3.32 million, which occurred within the last 24 hours. 
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 <a href="https://twitter.com/hashtag/FTX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#FTX</a> and <a href="https://twitter.com/hashtag/Alameda?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Alameda</a> moved out $3.32M worth of 8 tokens ~5hrs ago: • 1K <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> ($2.3M) to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Coinbase</a> • 4.43M <a href="https://twitter.com/search?q=%24ALPHA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ALPHA</a> ($411K) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> and $609K in <a href="https://twitter.com/search?q=%24POWR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$POWR</a>, <a href="https://twitter.com/search?q=%24SNT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SNT</a>, <a href="https://twitter.com/search?q=%24OXT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$OXT</a>, <a href="https://twitter.com/search?q=%24RLC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$RLC</a>, <a href="https://twitter.com/search?q=%24NMR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$NMR</a>, <a href="https://twitter.com/search?q=%24NEXO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$NEXO</a> to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Coinbase</a> &amp; <a href="https://twitter.com/hashtag/FalconX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#FalconX</a>. Overall, they unloaded $15.1M in 21 assets to CEX in the past week <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;">… <a href="https://t.co/n3geZiqKjB" target="_blank" rel="nofollow">pic.twitter.com/n3geZiqKjB</a>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1754706404831817941?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 6, 2024</a>
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Notably, <a href="https://coinedition.com/what-is-ethereum-complete-guide-to-the-2nd-largest-blockchain-project/" target="_blank" rel="noreferrer noopener">Ethereum (ETH)</a> tokens accounted for the largest share of the assets the bankrupt…
The post <a href="https://coinedition.com/crypto-fear-returns-as-ftx-moves-to-dump-more-tokens-is-bitcoin-price-at-risk/">Crypto Fear Returns as FTX Moves to Dump More Tokens; Is Bitcoin Price at Risk?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Crypto Fear Returns as FTX Moves to Dump More Tokens; Is Bitcoin Price at Risk?

Coin Edition

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