In a notable display of cryptocurrency movement, FTX-linked addresses have conducted transactions amounting to $10.49 million across various assets, depositing them into Wintermute’s addresses on Binance and Coinbase in recent hours.
As per data from Arkham Intelligence, these sizeable deposits associated with FTX encompass significant quantities of Ethereum, MKR, LINK, and AAVE. Analysts from Arkham Intelligence have meticulously tracked these cryptocurrency transfers, revealing potential diversification strategies being explored by FTX.
FTX’s Significant Fund Movements
According to the analysis conducted by Arkham Intelligence, FTX-associated addresses have orchestrated substantial cryptocurrency transfers involving Ethereum, MKR, LINK, and AAVE. These transactions have unfolded within a web of wallets belonging to Alameda, FTX, Binance, and Coinbase.
The sequence of events began with a transfer of 2,904 ETH, valued at $5.18 million, from a cryptocurrency wallet (0x8c8Caa) to the well-known Wintermute address (0xde9A61). Subsequently, about 1,904 ETH, roughly worth $3.38 million, was moved from this Wintermute address to Wintermute Binance. The remaining Ethereum, totaling 999.9 ETH and valued at $1.78 million, found its way into a Coinbase deposit.
Following these transactions, a series of test transfers were initiated from Alameda Research Wallets. These included the transfer of three LINK, 0.4 AAVE, and 0.02 MKR, respectively, to the Wintermute address. As the test transfers concluded, approximately 1,341K MKR tokens, equivalent to $2.02 million, were transferred from the FTX Cold Storage address to the Wintermute address.
Additionally, Alameda Research Wallet executed transfers of approximately 198,000 LINK, valued at $2.26 million, and 11,974 AAVE tokens, worth $1.03 million, from FTX Cold Storage to address 0xde9A61. Notably, this period also saw test trades involving RNDR and COMP tokens.
Subsequently, the Wintermute address conducted further transfers, directing 98,807 LINK, 11,974 AAVE, and 1,341 MKR to Wintermute Binance wallets. In sum, a grand total of 2,904 ETH ($5.18 million), 1,341 MKR ($2.02 million), 198,000 LINK ($2.26 million), and 12,000 AAVE ($1.03 million) traversed the landscape between Wintermute, FTX, Alameda, Binance, and Coinbase.
FTX’s Expanding Investment Portfolio
Renowned as a prominent global crypto trading network, Wintermute received a considerable influx of tokens as FTX directed a portion of its remaining assets towards these addresses.
Recent developments saw FTX and Alameda transferring $170 million in cryptocurrencies, including SOL, ETH, and MATIC, into various staking pools, with the anticipation of generating substantial profits.
FTX, wielding a substantial crypto portfolio valued at $3.4 billion, remains actively engaged in seeking diverse investment opportunities. Concurrently, legal disputes persist involving regulatory bodies, FTX, its founder, and former management, underscoring the ongoing complexities surrounding the cryptocurrency industry.
