• FTX/Almeda recently moved UNI and LDO worth millions of dollars to two exchanges.
• UNI and LDO both suffered price declines but saw a little respite.

FTX has been shaking up the market lately by selling off some of its holdings. According to a recent report, among the assets sold by the defunct exchange were Uniswap [UNI] and Lido [LDO]. Did this recent shift have any impact on the trajectory of these assets?

Read Uniswap (UNI) Price Prediction 2023-24

FTX move Uniswap and Lido to exchanges

On 27 October, FTX/Alameda made yet another noteworthy move. Per a post from Lookonchain, it transferred a portion of its Uniswap and Lido holdings over to Coinbase and Binance.

As per data tracked on Etherscan, the exchange shifted 488,250 UNI tokens, valued at approximately $2 million. Additionally, it moved 1,097,482 LDO tokens, which were also estimated to be worth nearly $2 million.

This move by the embattled crypto exchange followed a court approval on 13 September. During a court hearing, Jud

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Author: Adewale Olarinde

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