Accéder au contenu principal

FTX Moves $36 Million In Polygon, Avalanche Tokens In Last 24 Hours

FTX Derivatives Exchange has carried out a new round of token transfers, with the latest data indicating that the defunct digital trading company traded about $36 million with Polygon (MATIC) and Avalanche (AVAX) in the last day.

Spot on Chain analytics has unveiled a planned maneuver executed by FTX, whereby they directed a significant amount of $36.01 million in MATIC and AVAX to exchanges within a 24-hour timeframe.

It is worth mentioning that a considerable portion of this amount, amounting to $17.2 million, was allocated to Coinbase and FalconX, namely in the form of 22.6 million MATIC tokens.

FTX Busy Moving Funds

Data from Lookonchain revealed that the MATIC transfer occurred in two separate tranches, each of which ended up somewhere different: one tranche ended up at Binance, while the second tranche ended up at Coinbase.

The transfer’s Coinbase portion includes a large 12.6 million MATIC, valued at almost $9.6 million. At the same time, there are 10 million MATIC tokens in the Binance deposit, which had a value of $7.45 million at the beginning of the transfer.

This split movement provides insight into FTX’s deliberate distribution of assets among major exchanges, with each distribution precisely matched to the characteristics of the individual platforms.

Accounts linked to the now-defunct FTX exchange sent almost $3.16 million in Ethereum to its ailing former competitor Binance on November 21.

Since October 24, FTX has effectively transferred $488 million among 48 distinct tokens, exhibiting a minor increase from the closing amount of $452 million on Monday of the previous week.

 

As of Thursday, the market cap of cryptocurrencies hit $1.38 trillion. Chart: TradingView.com

Moreover, on November 17, addresses connected to FTX and Alameda unstaked a substantial 11.5 million MATIC, valued at $9.24 million in the market.

Polygon experienced a significant decline of more over 10%, finishing at approximately $0.72, as the trading day came to a conclusion on November 21st.

Not The First Time For FTX

This fall brought the total loss over the previous two days to almost 15%. Unfortunately, MATIC had already shown signs of improvement when this update was created.

To trade around $0.76, its price increased by more than 4%. Although it stayed below the neutral line, the Relative Strength Index (RSI) also showed indications of an upward trend.

Meanwhile, the Avalanche transfer, which involves the movement of 975,859 AVAX valued at $19.25 million, represents a significant transaction, both in terms of volume and monetary value.

FTX has previously engaged in significant token transfers on multiple occasions. Numerous alternative cryptocurrencies have been included in these transactions during the recent months, particularly following the acquisition of authorization from the bankruptcy court to sell off its assets.

Featured image from Witty Sparks




Source link

The post FTX Moves $36 Million In Polygon, Avalanche Tokens In Last 24 Hours appeared first on Job From Home Blog.

Libellés :

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

Jojobet (464)

Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Geri dönüşü yüksek bir heyecana hazır olun! Heybetli rekabet atmosferinde keyifli bir oyun deneyimi sunan öncü bir bahis platformuna hoş geldiniz. İnternetin en güvenilir ve güçlü adreslerinden biri olarak, size en üst düzey kalite standartlarına sahip online bahis fırsatlarını sunmaktan gurur duyuyoruz. Bahis ve şans oyunları tutkunlarının beklentilerini aşan kapsamlı hizmetlerimizle sizi unutulmaz bir yolculuğa çıkarmak için buradayız. Profesyonel ekibimiz, Türkiye’nin en donanımlı ihtiyaçlarına uygun olarak sürekli yenilenen bahis seçenekleriyle geniş bir kumarhane atmosferi ile etkileyici deneyimler sunar. Farklı spor dallarında eşsiz tahmin ve analiz araçlarıyla dolu olan platformumuz, kazandıran oranlarla sizden tam not alacaktır. En yeni teknolojik yazılım alt yapımız sayesinde, kesintisiz ve sorunsuz oyunculuk deneyiminin tadını çıkarabilirsiniz. Şansın, yetene...
Enregistrer un commentaire
Lire la suite

$3 Million Stolen In ‘Kraken’ Crypto Con

The surge in online scams has drawn heightened regulatory attention towards the crypto industry. A recent case serves as a vivid reminder of the risks involved, where a Connecticut resident became a victim of a significant scam, losing more than $3 million to individuals falsely purporting to be associated with Kraken, a well-known cryptocurrency exchange. The victim, who remains unnamed, was based in Westport and followed advice to transfer funds out of a retirement account, intending to reinvest the money in an account supposedly linked to Kraken. However, their decision led to more than $3 million swiftly disappearing into crypto wallets they could not access. Recovery Of Stolen Crypto Funds Fortunately, the victim sought help from law enforcement, and local detectives, collaborating with the state’s Organized Crime Task Force, launched an investigation. This diligent effort enabled them to trace the transactions and freeze accounts involved in the scam. While they managed to r...
Enregistrer un commentaire
Lire la suite

Space loves AI, AI doesn’t love Space

Space-related applications of artificial intelligence and machine learning are often confined to the ground because moving AI onboard satellites, while promising, is significantly more difficult. “Running AI in space is like running a marathon on the moon — impressive if achieved, but limited by the environment,” said Sylvester Kaczmarek, chief technology officer at OrbiSky Systems, a London startup focused on AI edge operations. Advanced processors are power hungry, meaning satellites with onboard AI require large solar panels and extra batteries. Plus, “radiation in space can fry electronics,” Kaczmarek said. Power management is another problem. Many AI devices require very high currents at low voltages. “The demands that AI devices place on power management are new to the space industry,” said Bert Vermeire, Voyager Space chief technology officer. “There are no good solutions with space heritage and it is difficult to identify efficient and small form factor power and manageme...
Enregistrer un commentaire
Lire la suite