FTX, Alameda Transfer $75.32 Million of Ether to Wintermute, Raising Prospect of Additional Sales
Suehyeon Lee
Summary
- Reports suggest the team liquidating assets for FTX and Alameda Research may sell additional Ether (ETH) as the cryptocurrency market rebounds.
- According to on-chain analyst EmberCN, the FTX-Alameda liquidation team transferred 27,372 Ether through six wallets to crypto market maker Wintermute about three hours earlier, and the tokens were worth about $75.32 million at the time of the transfer.
- EmberCN said FTX and Alameda may have entrusted sales to Wintermute as they dispose of holdings amid the rebound in cryptocurrency prices, though it has not been confirmed whether the transferred tokens were actually sold.
Forecast Trend Report by Period
The team liquidating assets for FTX and Alameda Research may be poised to sell more Ether as the cryptocurrency market rebounds.
On-chain analyst EmberCN said on September 22 that the FTX-Alameda liquidation team transferred 27,372 Ether through six wallets to crypto market maker Wintermute about three hours earlier. The tokens were worth about $75.32 million at the time of the transfer.
EmberCN said the move suggests FTX and Alameda may have tapped Wintermute to sell holdings amid the recent recovery in cryptocurrency prices. It has not been confirmed whether the transferred tokens were actually sold.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.