Recent on-chain data shows the FTX bankruptcy estate linked to Alameda Research transferred 23,639 $ETH, worth about $65 million to Wintermute.
Lookonchain reported that the ETH was deposited for sale, while other tracking shows the broader estate moved 27,372 ETH worth roughly $75.3 million to Wintermute across six wallets.
Wintermute’s role as a market maker means the ETH can be sold gradually through different channels, so the transfer alone does not confirm that the full amount has already reached the market.
The key point for ETH traders is the potential supply entering circulation from an estate that has been liquidating assets as part of the FTX bankruptcy process.
Monitoring Wintermute’s subsequent wallet movements and exchange flows should give a clearer picture of how much selling actually takes place.
#ETHBlockchain #Ethereum #Altcoin Season#
Lookonchain reported that the ETH was deposited for sale, while other tracking shows the broader estate moved 27,372 ETH worth roughly $75.3 million to Wintermute across six wallets.
Wintermute’s role as a market maker means the ETH can be sold gradually through different channels, so the transfer alone does not confirm that the full amount has already reached the market.
The key point for ETH traders is the potential supply entering circulation from an estate that has been liquidating assets as part of the FTX bankruptcy process.
Monitoring Wintermute’s subsequent wallet movements and exchange flows should give a clearer picture of how much selling actually takes place.
#ETHBlockchain #Ethereum #Altcoin Season#
