As bankruptcy liquidation processes continued, two major institutions, Celsius and FTX/Alameda, continued to transfer significant assets.
Celsius transferred 34.08 million MATIC, corresponding to approximately $26 million, to cryptocurrency exchange Binance.
Overall, over the past 2 days, Celsius Network deposited 56.8 million MATIC ($44.5 million) on Binance at an average of $0.784. It seems that the MATIC price decreases after each deposit. However, according to onchain data, Celsius now costs 1.55 million dollars, a very low amount compared to his previous transfers, at the time of writing this article.
However, the company still has ETH worth $1.44 billion and BTC worth $407 million.
FTX/Alameda also got active, transferring 207 WBTC (worth about $8.6 million) and 1,150 ETH (worth about $2.85 million) to Wintermute. An additional 135 WBTC (approximately $5.6 million) was also moved to Binance.
FTX and Alameda Research have moved 86 different tokens worth $696 million to exchanges on Ethereum, Solana and Avalanche since October 24, 2023.
*This is not investment advice.