7 Altcoins Moved to Exchanges

The team, which manages the bankrupt cryptocurrency companies FTX and Alameda Research, has recently made new altcoin transfers, probably for sales purposes.

According to the data, the following altcoins were transferred to the exchanges from the cryptocurrency wallets of two bankrupt companies:

• 57,646,768 ALEPH ($6.2 million) to Coinbase
• 2,500 ETH ($5.72 million) to Coinbase and Binance
• 1,594,744 PUNDIX ($813 thousand) to Coinbase
• 269,606,818 RSR ($796 thousand) to Binance
• 4,106,057 CHR ($602 thousand) to Binance
• 6,363,587 ORBS ($301 thousand) to OKX
• 29,341 FXS ($262 thousand) to a new address

Although the FXS transfer was not made to a cryptocurrency exchange, crypto analysis company SponOnChain thinks that these tokens may be transferred to exchanges in a short time.

The latest transfers mean that FTX and Alameda Research have deposited 70 tokens worth a total of $582 million to the exchanges since October 24.

In addition to these transfers, FTX and Alameda Research addresses also carried out some test transactions for CRV. However, there has been no new sale in this token recently.

According to the data, there are currently approximately $1.3 billion worth of digital assets in FTX’s cryptocurrency wallets, the majority of which are in the FTT token. $169 million worth of Bitcoin is held in addresses, the largest asset outside FTT.

*This is not investment advice.