Ethereum

2024

Million

Spot

<p>The post <a href="https://coinpedia.org/news/ftx-alameda-behind-ethereum-price-drop-secretly-dump-24-57-million-eth/">FTX, Alameda Dump $24 Million in Ethereum on Coinbase; Investors Panic</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In a move rattling the crypto world, bankrupt exchanges FTX and Alameda have unloaded $24.57 million worth of Ethereum on Coinbase. This fire sale of ETH has coincided with price dips, sparking speculation of market manipulation or a deeper game at play. </p> 
<p>Was this a desperate attempt to regain control, or a strategic move with hidden motives? </p> 
<p>Dive deeper to uncover the reasons.</p> 
<h2 class="wp-block-heading" id="h-big-players-making-moves"><strong>Big Players Making Moves</strong></h2> 
<p>Spotonchain, a reliable blockchain tracker, recently uncovered a series of transactions involving FTX and Alameda Research, particularly focusing on <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/">Ethereum</a>.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/FTX?src=hash&amp;ref_src=twsrc%5Etfw">#FTX</a> and <a href="https://twitter.com/hashtag/Alameda?src=hash&amp;ref_src=twsrc%5Etfw">#Alameda</a> wallets appear to frequently move out <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> ahead of a dump!<br><br>In the past 15 days, FTX and Alameda Research have deposited 6,500 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> ($24.57M) to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw">#Coinbase</a> at ~$3,780 via 7 transactions.<br><br>And the market dipped following 5 out of 7 transactions (pic <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/STOtHBDChE">pic.twitter.com/STOtHBDChE</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1768567548142879061?ref_src=twsrc%5Etfw">March 15, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Over just 15 days, they dumped 6,500 ETH into Coinbase, worth about $24.57 million. What’s puzzling is that these transactions happened when Ethereum’s price was around $3,780 per coin.</p> 
<p>Notably, at the time of five out of the seven transactions, the Ethereum market price <a href="https://coinpedia.org/crypto-live-news/layer-2-blockchain-solutions-cost-drop-amidst-ethereums-dencun-upgrade/">experienced significant dips</a>. As of now, neither FTX nor Alameda Research has publicly commented on these transactions or the speculation surrounding them.&nbsp;</p> 
<p>Read More: <a href="https://coinpedia.org/news/blockfi-nears-full-customer-repayment-with-874-5-million-ftx-and-alameda-claim-agreement/">BlockFi Secures $1 Billion Deal with Bankrupt FTX, Customers Eye Full Repayment</a></p> 
<h2 class="wp-block-heading" id="h-deciphering-the-mystery">Deciphering the Mystery </h2> 
<p>In addition to Ethereum, FTX, and Alameda Research have also moved significant amounts of other cryptocurrencies during this period. A total of $6.26 million worth of various assets, including ALI, GAL, TONCOIN, WAVES, OHM, HGET, TLM, and MTA, were transferred out.&nbsp;</p> 
<p>While the reasons behind these movements remain unclear, the timing of these transactions adds another layer of intrigue to the situation.</p> 
<h2 class="wp-block-heading" id="h-what-are-people-saying">What are People Saying?</h2> 
<p>The correlation between the movements of Ethereum by <a href="https://coinpedia.org/news/pantera-capitals-plan-to-get-discounted-sol-tokens-from-ftx-estate/">FTX</a> and Alameda Research and subsequent price downturns has led to speculation within the cryptocurrency community.&nbsp;</p> 
<p>Some observers suggest that these transactions may be indicative of market manipulation or strategic positioning by these entities. However, others urge caution, emphasizing the many facets of cryptocurrency markets.</p>

FTX, Alameda Dump $24 Million in Ethereum on Coinbase; Investors Panic

目錄

CoinPedia News

在 2024年3月15日發表的其他文章

Dogecoin Creator Billy Markus Shares Views on Crypto Investments

SOL, ETH prints profit, new memecoin sparks interest

ViciCoin (VCNT) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Rebel Satoshi ($RBLZ) Price Action Rattles Traders As They Ignore Potential On BONK and Dogwifhat...

Shibarium's Momentum: Blockscout's Upgrade Amplifies Network Efficiency

Kris Marszalek Advocates Long-Term Bitcoin Holding Amid Drop

訂閱免費電子報，每天收取加密貨幣最新動態！