In a notable movement of the crypto world, FTX and Alameda wallets transferred digital assets totaling $105.9 million. This transfer took place just under 14 hours ago. In addition to this, it involved the moving of 19 altcoins into two middle wallets.
Notable Crypto Assets Transferred, Including GT, LEO, and VIC
According to SpotOnChain official X account, notable assets transferred included 3.17 million $GT tokens valued at $31.3 million, 3.37 million $LEO valued at $20.4 million, and 16.9 million $VIC tokens valued at $16.7 million. Moreover, other assets worth $37.6 million, 16 altcoins in total, were also transferred. They include such as $HXRO, $KNC, $CQT, and $GF,
As a result of this development, about $16 million across 13 tokens entered centralized exchanges (CEX). Consequently, this transfer may give insights to traders and investors by analyzing on-chain data for potential trading opportunities. It is also worth noting that despite the asset deposit on CEX, significant amounts are stored in two intermediary wallets.
Alameda Wallets’ Transactions Showcase Cryptocurrency Market Activity
This indicates a well-crafted plan of action from FTX and Alameda, which may imply active portfolio management or future trading intentions. Such large-volume digital transfers highlight the fast-paced and strategic nature of the cryptocurrency market. This large movement of assets also underscores the significance of analyzing on-chain data in establishing trends and trading signals.
As cryptocurrency expands, so does the value of the on-chain data that investors and traders can extract insights from the transactions. Additionally, these insights can help to measure investor sentiment, liquidity, and trading signals.
Ultimately, Alameda Wallets’ recent transactions underline the considerable activity on the cryptocurrency market. Through engaging 19 altcoins and CEX asset deposits, investors have a chance to capitalize on market trends and value addition through on-chain transaction analysis.
