{"id":15936,"date":"2022-12-29T11:12:36","date_gmt":"2022-12-29T11:12:36","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/alameda-wallets-sell-multiple-tokens-for-bitcoin\/"},"modified":"2022-12-29T11:12:36","modified_gmt":"2022-12-29T11:12:36","slug":"alameda-wallets-sell-multiple-tokens-for-bitcoin","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/alameda-wallets-sell-multiple-tokens-for-bitcoin\/","title":{"rendered":"Alameda wallets sell multiple tokens for Bitcoin"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1672310344312-e9a5f7ea-6dd8-4f28-95db-9ca7852842da-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1672310344312-e9a5f7ea-6dd8-4f28-95db-9ca7852842da-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1672310344312-e9a5f7ea-6dd8-4f28-95db-9ca7852842da-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1672310344312-e9a5f7ea-6dd8-4f28-95db-9ca7852842da-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><\/picture><\/div>\n<ul>\n<li dir=\"ltr\"><em><strong>Alameda Research addresses sent millions worth of tokens to decentralised exchanges and crypto mixers on Wednesday.<\/strong><\/em><\/li>\n<li dir=\"ltr\"><em><strong>According to on-chain data, the tokens were swapped into USDT before being converted into Bitcoin.<\/strong><\/em><\/li>\n<li dir=\"ltr\"><strong><em>The Alameda wallets sprung into life a few days after FTX co-founder Sam Bankman-Fried was released on a $250 million bail.<\/em><\/strong><\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/wallets\/\">Crypto wallets<\/a> linked to Alameda Research, the quant trading arm of collapsed cryptocurrency exchange FTX, were massively active on Wednesday, on-chain data shows.<\/p>\n<p dir=\"ltr\">The Alameda addresses, as data shared online showed, actively sold several small cap cryptocurrencies, swapping these for <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin<\/a> and in some cases Ethereum.<\/p>\n<h2 dir=\"ltr\">Alameda sells millions worth of tokens<\/h2>\n<p dir=\"ltr\">According to details <a href=\"https:\/\/mobile.twitter.com\/themlpx\/status\/1607937597783035904\" rel=\"noopener noreferrer\" target=\"_blank\">shared<\/a> on Twitter by Martin Lee, a data journalist at blockchain analytics platform Nansen, there were multiple odd transactions that seemed to swap tokens in Alameda wallets for Ethereum and Tether stablecoin USDT.<\/p>\n<p dir=\"ltr\">The funds were then sent to new wallets via decentralised exchanges (DEXs), including ChangeNow and FixedFloat.<\/p>\n<p dir=\"ltr\">Elsewhere, on-chain data shared by blockchain research firm Arkham Intelligence pointed to Alameda wallets offloading over $1.7 million in various tokens.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">In total, Alameda-related wallets have mixed:<\/p>\n<p>270.5Eth through ChangeNOW (~$325k)<br \/>800k USDT through Fixedfloat<br \/>200k through Curve SynthSwap (to native BTC)<br \/>200k through Airswap<br \/>200k through other crypto-mixing services<\/p>\n<p>reaching a total of $1.7M that has been taken.<\/p>\n<p>\u2014 Arkham | Crypto Intelligence (@ArkhamIntel) <a href=\"https:\/\/twitter.com\/ArkhamIntel\/status\/1608205044930969601?ref_src=twsrc%5Etfw\">December 28, 2022<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">According to the platform, the sales happened on the open market \u2013 a scenario that likely was behind the sharp drop in prices for several tokens. The Ethereum-based cryptocurrencies the wallets sold include Ether (ETH), Curve (CRV), USD Coin (USDC), Dai (DAI), and convex (CVX).<\/p>\n<p dir=\"ltr\">The tokens were sent to two wallets, swapped for USDT and then converted into BTC, blockchain sleuth ZachXBT <a href=\"https:\/\/twitter.com\/zachxbt\/status\/1607915930440302592\" rel=\"noopener noreferrer\" target=\"_blank\">tweeted<\/a> on Wednesday.<\/p>\n<p dir=\"ltr\">The Alameda wallets came alive after weeks of dormancy, with these transactions intensifying as former FTX CEO Sam Bankman-Fried settled at home following released from jail on a $250 million bail. The sale of multiple tokens also coincided with a sharp price decline for Solana (SOL).<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/alameda-liquidates-millions-worth-of-tokens-for-bitcoin\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Alameda Research addresses sent millions worth of tokens to decentralised exchanges and crypto mixers on Wednesday. According to on-chain data, the tokens were swapped into USDT before being converted into Bitcoin. The Alameda wallets sprung into life a few days after FTX co-founder [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":15937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/15936"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=15936"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/15936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/15937"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=15936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=15936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=15936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}