FTX Estate Transfers $75M in Ether Amid Market Rebound
- Onchain trackers flagged a 23,639 ETH tranche worth $65.05 million being moved.
- Ether trades near $2,750 on Sept. 23, up by approximately 15% over the past week.
- The FTX Recovery Trust has distributed roughly $11 billion to creditors across five rounds.
- FTX and Alameda Research transferred a total of 27,372 ETH, valued at about $75.32 million, to Wintermute using six wallets.
- An OTC whale accumulated an additional 15,000 ETH worth $41.26 million, increasing their holdings to a total of 52,000 ETH.
The recent movement of significant Ethereum holdings by the FTX estate reflects strategic liquidation amidst favorable market conditions with Ether’s price rallying by over a week-long period of growth.
These transactions are part of ongoing efforts by the FTX Recovery Trust to manage assets and repay creditors effectively while navigating market dynamics.(<ahref=https://news.bitcoin.com/crypto-news/ftx-alameda-estate-75-million-ether-wintermute/?rand=52384 target=_blank rel=nofollowstyle=color#0066cc;text-decorationnoneSource)
