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Yesterday, we reported on a similar news. It was about token movements related to FTX. Today, there is another movement. It seems that these movements will not end until the FTX issue is resolved. It is necessary to keep an eye on it as the movement of cryptocurrencies in FTX indicates a possible sale.
FTX-Linked Address in Motion
There is a recent development that has caught the attention of the cryptocurrency community. According to this, an address linked to FTX made a significant amount of cryptocurrency transfers with a total estimated value of about 5 million dollars. The diversity of assets involved in this transaction is making waves in the cryptocurrency market. This is because six altcoins are on the move.
Noteworthy transactions include 22,948 Cake transactions. This corresponds to $51,405 in numerical value. The largest transaction is made with CHZ. 37,735,856 CHZ corresponds to $2,893,623 in numerical value. In addition, a transaction of 1,578,590 ENJ worth $426,501 has also been made.
3 More Altcoin Transactions
There are three more altcoin transactions made by the relevant address. These include 4,454,242 LRC transactions worth $997,090, PAXG worth $148,138, and finally, a $475,111 USDT transaction. Following the FTX-linked movement in six cryptocurrencies, crypto enthusiasts are now looking into the dynamics behind this action.
As we mentioned before, Solana is an important asset in FTX’s portfolio. The SOL asset, which exceeds $1 billion, has not created a negative sentiment on the token. There has been an increase in price in recent days. However, the situation may not be the same for the cryptocurrencies involved here, like in Solana. Therefore, traders continue to closely monitor the market for potential fluctuations or trends that may arise as a result of this significant transaction.
