Ethereum Price Rises, FTX and Celsius Take Action!

Although Bitcoin and altcoins started the new week with a decline, they later started to recover. BTC is approaching $43,000 again, while the largest altcoin Ethereum is trading close to $2,300.

Some investors, taking advantage of this rise, also started selling. At this point, cryptocurrency platforms FTX and Celsius Network, which caused sharp and sudden declines in the cryptocurrency industry with their bankruptcy, transferred a large amount of ETH.

According to the post of popular data platform Spot On Chain, Celsius Network deposited 7,500 ETH (worth $17.4 million) to FalconX, while FTX moved 1,593 ETH (worth $3.66 million) to the 0xCeF address. Spot On Chain warned that FTX may deposit ETH to Coinbase to sell from that address.

“Both FTX and Celsius made ETH transfers after the ETH price crossed $2,300 again today!

Celsius deposited 7,500 ETH ($17.4 million worth) into Falcon X about 8 hours ago.

Celsius transferred 25,000 ETH ($57 million worth) to FalconX and Coinbase in the last 7 days. FTX 55 minutes ago moved 1,593 ETH ($3.66 million) to 0xCeF.

0xCeF currently has 2,244 ETH ($5.16 million) and may deposit ETH to Coinbase soon.”

🚨 Both #FTX and #Celsius transferred out $ETH after the $ETH price crossed $2,300 again today!

1. #Celsius Network deposited 7,500 $ETH ($17.4M) to #FalconX ~ 8hrs ago.

– They deposited 25,000 $ETH ($57M) to FalconX and Coinbase in the past 7 days.

2. #FTX moved 1,593 $ETH… pic.twitter.com/vQXj3p5X3Y

— Spot On Chain (@spotonchain) December 15, 2023

*This is not investment advice.