2024

Bitcoin

Million

While the decline in Bitcoin (BTC) and altcoins before the FED decision made investors nervous, approximately $12 million worth of crypto money was transferred from two wallets affiliated with FTX and its sister company Alameda Research.
According to PeckShieldAlert's post, the address associated with FTX and Alameda sent 5 vBTC worth $7 million to Wintermute, while it transferred 10 million WXRP worth $5.2 million to Binance.
While the real reason behind these transfers is not fully known, market analysts evaluated that it may be related to refunds to customers.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PeckShieldAlert</a> <a href="https://twitter.com/hashtag/FTX?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#FTX</a>/<a href="https://twitter.com/hashtag/Alameda?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Alameda</a> labeled addresses transferred ~$12m worth of cryptos out ~5 <a href="https://twitter.com/search?q=%24vBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$vBTC</a> (worth ~$7m) were transferred to <a href="https://twitter.com/hashtag/wintermute?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#wintermute</a>, ~10m <a href="https://twitter.com/search?q=%24WXRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WXRP</a> (worth ~$5.2m) were transferred to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> <a href="https://t.co/rV04yuyQsI" rel="noopener noreferrer nofollow">pic.twitter.com/rV04yuyQsI</a>
 — PeckShieldAlert (@PeckShieldAlert) <a href="https://twitter.com/PeckShieldAlert/status/1800347279028834602?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 11, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
While FTX's remaining XRP assets are not fully known, according to reports submitted in September, the bankrupt exchange had more than 225 million XRP in its accounts. If the latest XRP transfer data is accurate, the amount sent to Binance amounts to more than 4.44% of the total XRP held by FTX and Alameda.
The decline in XRP coincided with FTX's transfer of XRP, leading to speculation among investors about possible correlations between the transfer of FTX and the recent decline, while analysts speculate that the decline in XRP is linked to the general decline in the market.
However, analysts warned investors that the FTX transfer could increase downward pressure on the XRP price.
XRP, which has decreased by 2.4% in the last 24 hours, continues to be traded at $ 0.48 at the time of writing.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/million-dollar-bitcoin-and-xrp-activity-in-ftx-and-alameda-wallets/" rel="noopener noreferrer nofollow">Million Dollar Bitcoin and XRP Activity in FTX and Alameda Wallets!</a>

Million Dollar Bitcoin and XRP Activity in FTX and Alameda Wallets!

Bitcoin Sistemi EN

Other articles published on Jun 11, 2024

Bitcoin Cash and Dogecoin Investors Flock to MoonBag's Stellar Presale Raising $2 Million In One ...

Artificial Superintelligence Alliance Will Launch on July 15

Crypto News: BlockDAG Network Rides On 1000% Price Growth In June, Overriding Cardano & XRP News

Andrew Tate Vows To Crash Solana, Whilst Raboo Activity Surges, And Ethena Price Tumble

PancakeSwap integrates Zyfi for gas-free DeFi trading

Bitcoin Price Falters: Another Downturn In Crypto Prices

Join our free newsletter for daily crypto updates!