[ccpw id="39382"]

spot_img
HomeCrypto NewsMarketFTX/Alameda Moves 231 BTC, Sending 200 BTC to Coinbase

FTX/Alameda Moves 231 BTC, Sending 200 BTC to Coinbase

Date:

Written By:

Follow Us On

A wallet linked to Alameda Research has transferred a large amount of Bitcoin, as reported by blockchain security firm PeckShieldAlert. 

Approximately 231.4 BTC, valued at $13.5 million, was moved in the past few hours, with 200 BTC of it being sent directly to Coinbase. This substantial transfer is part of a pattern of movements involving wallets tied to the now-defunct FTX exchange, prompting interest in the purpose of these funds and their potential implications for market liquidity.

- Advertisement -

Breakdown of Inputs and Outputs 

The recent transaction involved five different inputs from the same Alameda-related address, 3Ms…zMm. These inputs totaled 231.39398632 BTC and came from separate deposits: 37.80 BTC, 59.82 BTC, 56.93 BTC, 39.47 BTC, and 37.91 BTC.

Once these inputs were compiled, the total BTC was split into two distinct outputs. A portion, 31.39 BTC, moved to the address beginning with bc1…rs4, while the bulk of the transaction, 200 BTC, was sent to a Coinbase address.

SOL Activity Following BTC Transfers

The transfer comes on the heels of another significant movement involving an Alameda Research wallet. Just a day earlier, a wallet reportedly linked to FTX redeemed a large sum of Solana tokens—177,693 SOL—worth nearly $24 million from the Solana Proof-of-Stake network. 

Despite this redemption, the wallet still holds 7.057 million SOL, valued at approximately $954 million, which it stakes within the Solana ecosystem. 

History of Crypto Movements

It is important to remember that FTX, once one of the largest cryptocurrency exchanges, heavily invested in Solana before its downfall in November 2022. The exchange’s bankruptcy contributed to a significant drop in the value of SOL, with its price plunging as low as $8 per token, per a 2023 report.

- Advertisement -

Since then, FTX and Alameda have steadily reduced their holdings in SOL, using methods like over-the-counter (OTC) sales to avoid causing further market volatility.

In addition to Bitcoin and Solana transactions, wallets linked to Alameda Research have transferred around $46 million worth of various cryptocurrencies, including Ethereum (ETH) and Polygon (MATIC), to exchanges such as Binance, Kraken, and Coinbase.

Smaller transactions, such as the $2.1 million transfer of SushiSwap (SUSHI) tokens, further illustrate the ongoing activity of Alameda wallets across multiple blockchains.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Brenda Mary
Brenda Mary
Brenda commits to producing excellent, well-optimized content to ensure consumer satisfaction. She has developed expertise in technical analysis and price forecasting of breaking blockchain news. Additionally, she enjoys engaging in stock markets and investing in cryptocurrencies.

More from Author

Latest Stories

Guides