In a thrilling turn of events witnessed within the cryptocurrency realm recently, bankrupt exchanges FTX and Alameda linked wallets appear to have been noted making colossal Ethereum (ETH) transfers to Coinbase, a prominent CEX, right before prices slumped in the past 15 days. These dumps to Coinbase birthed a massive torrent of speculative buzz among crypto market traders and investors globally, as ETH price recently topped the $3,500 mark.
However, aligning with the enormous crypto market selloff witnessed today, ETH traded in the red, per Coinmarketcap’s data. Simultaneously, with the abovementioned ETH dumps’ surfacing today, speculations over FTX and Alameda’s repayment of creditors hover over the crypto horizon.
FTX & Alameda’s ETH Dumps: A Deeper Dive
According to the insights unveiled by the blockchain tracker Spotonchain, FTX and Alameda frequently moved out ETH quite a few times right before prices slumped, as mentioned above. Over the past fifteen days, the two e
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