While the activity in Bitcoin and altcoins is also affecting whales, some whales are buying again and some whales are selling.
At this point, two wallets associated with FTX and its sister company Alameda Research transferred a total of $8.3 million worth of cryptocurrency to other unknown addresses and to Wintermute.
According to PeckShieldAlert’s post, the address associated with FTX transferred 860 Tether Gold (XAUT) worth over $2 million to Wintermute, while a wallet associated with Alameda transferred a total of 2,027 Ethereum (ETH) worth approximately $6.3 million to two unknown addresses. .
While the real reason behind these transfers is unknown, it was noted that the transfers took place one day before FTX debtors presented a new restructuring plan for the stock market.
#PeckShieldAlert #Alameda/#FTX-labeled addresses transferred ~2K $ETH (worth ~$6.3m) out & 860 $XAUT (worth ~$2m) to #wintermute pic.twitter.com/2ndnnGhAj2
— PeckShieldAlert (@PeckShieldAlert) May 6, 2024
As it is known, FTX, which received permission from the court in recent months to sell its crypto assets, constantly transfers altcoins to stock exchanges.
*This is not investment advice.
