Blockchain analytics firm Nansen has recently revealed that wallets associated with bankrupt crypto exchange FTX has transferred approximately $156 million in digital assets, including ethereum (eth) and Solana (SOL), in a series of transactions over the past week.
The movement of these funds has raised concerns and attracted the attention of industry experts and investors. Nansen’s report sheds light on the ongoing transfers and provides valuable information on the extent of FTX transfers. asset movements.
Bankrupt FTX Wallets Eliminate Stake worth $57 Million in SOL Tokens
According to Nansen report, funds from FTX wallets have continued to migrate to various exchanges since the previous update. The report specifies the following notable transactions:
- 695,000 Perpetual Protocol (PERP) tokens worth $423,000
- 767,000 Biconomy (BICO) tokens worth $182,000
- 833,000 Kyber Network (KNC) tokens worth $616,000
- 108 million TrueFI (TRU) tokens worth $420,000
- 138,000 Band (BAND) tokens worth $221,000
- 2.5 million Graph tokens (GRT) worth $273,000
- 845 Maker (MKR) tokens worth $1.17 million
- 7.16 million Render (RNDR) tokens worth $17.8 million
- 10.5 million dollar coin (USDC)
- 23,000 Polygon (MATIC) tokens worth $15,000
- 9.5 million Ren (REN) tokens worth $500,000
- 1.1 million eth tokens worth $2 million
Furthermore, the report highlights that an additional 1.6 million SOL Tokens worth 57.6 million dollars have begun the process of de-staking. While these funds have not yet left the associated wallet, their potential movement would bring the total SOL tokens moved by FTX to just under $90 million.
Furthermore, considering the elimination of SOL and the new assets transferred by FTX to Coinbase and Binance, the total value of funds moved by FTX now amounts to $156 million.
LINK, AAVE and MKR Major Transfers Revealed
Nansen’s previous research revealed significant transfers from FTX-linked wallets and Alameda Investigationthe trading arm of FTX.
These funds were initially withdrawn from the FTX and Alameda wallets before being sent to intermediary wallets and finally deposited into binance and Coinbase. The report reveals the following notable movements:
- $2.2 million in Chainlink (LINK) tokens
- $1 million in Aave (AAVE) tokens
- $2 million in MKR tokens
- $3.4 million in eth tokens
In addition to these transfers, Nansen discovered that 943,000 SOL tokens, equivalent to approximately $32 million, were moved from FTX. Cold Storage Wallet.
Overall, Nansen’s recent findings regarding the movement of funds from wallets associated with the bankrupt crypto exchange FTX have raised concerns within the cryptocurrency community.
The report highlights substantial transfers of several digital assets, including eth and SOL, and provides insights into the scale of FTX asset movements.
As of current market conditions, FTX’s native token, FTT, is trading at $1.23. Despite a false breakout on October 23, where the token briefly surpassed $1,360, it has since steadily declined.
However, over the last 30 days, FTT has maintained a 3.7% profit margin, meaning relative stability within this period.
Featured image from Shutterstock, chart from TradingView.com
