In the wake of the recent Bitcoin ETF approval rally, FTX and Alameda Research tactically sold $28.2 million worth of assets, redirecting them to Binance and Coinbase.
Assets Sold at Affordable Prices:
- Wrapped Bitcoin (WBTC): 402.6 WBTC, valued at $18.72 million, with an average price of $46,501.
- Ethereum (ETH): 3,200 ETH, worth $8.09 million, averaging at $2,528.
- Pendles (PENDLE): 602,000 PENDLE, valued at $1.04 million, averaging $1.73.
- ConstitutionDAO (PEOPLE): 9.03 million PEOPLE, worth $350k, with an average price of $0.0387.
Since October 24, 2023, FTX and Alameda Research have transferred 85 different tokens valued at $665 million across Ethereum, Solana, and Avalanche to various exchanges. Despite this significant movement, they still retain over $1.10 billion in EVM assets.
Current Major Token Holdings:
- FTXToken (FTT): 257.835 million tokens, valued at $768.348 million.
- Tether Gold (XAUT): 9,389 tokens, worth $19,207 million.
- Tokamak Network (TON): 7.445 million tokens, valued at $16.082 million.
- Gate (GT): 3.165 million tokens, worth $15.352 million.
- LEO Token (LEO): 3.221 million tokens, valued at $13.011 million.
- Wrapped Ether (WETH): 3,795 tokens, worth $9.683 million.
- Ethereum (ETH): 3,044 tokens, valued at $7.734 million.
- Dai (DAI): 2.502 million tokens, worth $2.5 million.
- Stargate Finance (STG): 2.884 million tokens, valued at $1.651 million.
- OKB: 26,952 thousand tokens, worth $1,448 million.
While FTX and Alameda Research's asset movements suggest strategic decision-making, caution should be exercised as significant portions of their portfolio were divested during the recent Bitcoin ETF surge.