- Alameda Research’s ETH holdings were moved.
- Interest from whales in ETH was high.
Ethereum’s [ETH] price rallied quite a bit over the last few weeks, after BTC’s prices surged. This momentum inspired optimism in the market towards ETH, however, it could soon come to an end.
Is ETH in trouble?
Alameda Research, the cryptocurrency trading firm founded by Sam Bankman Fried, recently, moved most of its assets.
One of the largest moves made by the firm was the offloading of a bunch of its ETH. According to lookonchain’s data, the firm transferred 1,643 ETH. This amounted to almost $3.43 million.
Today #FTX/#Alameda transferred ~$22M assets again, including:
6.26M $IMX($9.12M)
20M $GMT($5.29M)
1,643 $ETH($3.43M)
441,425 UNI($2.69M)
77.77B $SHIB($652K)
102,651 $BAL($389K)
2.24MGo to Source to See Full Article
Author: Himalay PatelDid you like this?
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