‘Alameda’ Wallet Moves $2 Billion on FTX Exchange in Last Week, Ahead of Biggest Crypto Selling in History

The address marked as Alameda moved by the OKLink blockchain explorer huge volume of stablecoins on the centralized FTX exchange. The faith of the displaced funds remains a secret.

Alameda’s address has transferred more than USD 1.55 billion, USD 200 million and BUSD 240 million in the past week. Some trades were made prior to the massive crash we saw this weekend. The total value of the funds traded is close to $2 billion.

Such large transaction volume could be linked to the buying frenzy Alameda was planning after nearly every cryptocurrency in the market fell by more than 40%, creating buying opportunities for major investors.

At the time of printing, their wallets are out of money and are left almost completely empty, with only a few tokens worth about 6 ETH. The last transactions made by the Alameda address were deposits on FTX exchange and convex financial transfers.


Some users assumed that the wallet transacts to support Solana cryptocurrency, which previously appeared at the center of a scandal related to the Solend platform, which took control of the user’s wallet and his or her position. liquidated by force.

Recently, major institutional investors such as Celsius and Three Arrows Capital have faced unexpected margin calls and liquidations after Ethereum and other cryptocurrencies lost about 30% of their value within days.

Such a strong market plunge triggered a cascade of liquidations affecting unsecured positions of the aforementioned institutions that had to attract more funding from investors and other companies to bail out the rest.

At the time of writing, the cryptocurrency market is showing a mild correction, with large assets losing 3% to 5% of their value.

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