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Ekta Mourya

FXStreet

🚨FTX and Alameda wallets deposit over $24 million in Ether to Coinbase, ETH price at risk of decline🚨

FTX and Alameda wallets moved 6,500 Ether tokens to centralized exchange Coinbase on Friday.

ETH price corrected, crumbling under the rising selling pressure in previous instances of FTX and Alameda’s Ether dump.

Ethereum price wiped out recent gains, declined to a low of $3,570 on Friday.

Bankrupt crypto exchange FTX and trading firm Alameda have deposited 6,500 Ether tokens to Coinbase early on Friday. Similar large-volume deposits from Samuel Bankman-Fried’s firms has previously ushered a correction in ETH.

ETH price is down 5% on the daily timeframe, $3,697, at the time of writing.

-original Post from fxstreet.com-

dyor Not a financial advice