NewsletterFTX & Celsius Move $35 Mln Worth of WBTC & ETH As Prices Soar
The world of cryptocurrencies was again taken by storm on Tuesday as the broader market witnessed colossal transactions made by FTX and Celsius, nabbing significant attention globally. As per on-chain data surfacing over the crypto horizon, the two entities collectively moved over 35 million worth of WBTC and ETH, garnering global attention among crypto market enthusiasts.
Notably, as per the data floating within the market, the two bodies transferred the aforestated tokens to CEXs amid a price surge. This seems to have sparked immense curiosity among market fanatics, fueling additional inferences for these tokens.
FTX & Celsius Dump WBTC & ETH To CEXs
According to the data revealed by Spotonchain, a platform offering on-chain insights, FTX and Celsius collectively shifted $35.1 million worth of WBTC and ETH today, January 9. Moreover, these funds were transferred to CEXs Binance, Coinbase, and a crypto brokerage and trading firm, FalconX.
Aligning with data unveiled by Spotonchain, FTX and Alameda moved $11.72 million worth of WBTC and ETH to Binance and Coinbase. Concerning this, 200 WBTC, worth $9.39 million, was moved to Binance at $46,952. Whereas, 1000 ETH, worth $2.33 million, was shifted to Coinbase at $2,330.
Meanwhile, the Celsius network unstaked and transferred 10,000 ETH, worth $23.39 million, to Coinbase and FalconX at an average of $2,339. Intriguingly, Celsius still holds 556,927 ETH, amounting to $1.28 billion, staked, with plans to unstake these holdings to creditors.
Also Read: Shiba Inu News: Shiba Inu Burn Rate Skyrockets 900%, Syncing With SHIB Price Rally
WBTC & ETH Prices Surge
As of writing, the Wrapped Bitcoin (WBTC) price showcased a 6.42% surge over the past 24 hours and is currently trading at $46,777.99. Furthermore, its trading volume also noted a phenomenal upswing, rising 134.95%, reaching $351.82 million. This remarkable upswing also mirrors Bitcoin’s price surge recently, propelling market optimism for the token.
On the other hand, even Ethereum’s price noted an upsurge, rising 3.45 % over the past 24 hours, reaching $2,311.77. In addition, Ethereum’s trading volume also recorded a significant upsurge of 43.55%, which is currently evaluated as $12.73 billion.
Also Read: Spot Bitcoin ETF: Unveiling Potential Premiums & Regulatory Hurdles Post Approval
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Pi Network Boosts Utility With Major Partnership With CiDi Games, Expert Calls it “ Real Progress”
- Breaking: Bitwise Prepares to Launch its Avalanche ETF, Reveals Ticker and Fees
- Bitcoin Price Reclaims $91k as JP Morgan Predicts December Fed Rate Cut
- Upbit Hack: $38M in Solana Ecosystem Crypto Assets, TRUMP, BONK, JUP Drained
- Breaking: Ripple’s RLUSD Approved for Use Across Abu Dhabi’s Global Markets
- Ethereum Price Rallies Above $3,000 Ahead of Fusaka Upgrade: What to Expect?
- MON Price Prediction: Why Monad Could Be Heading Toward $0.10
- Will Hype Price Hit $50 as Whales Buy Ahead of the $314M Unlock?
- Is Bitcoin Price at Risk of Crash as Treasury Companies Plan Fire Sale?
- Binance Coin Price Prediction as VanEck Files Spot BNB ETF — Is $1,000 Next?
- Dogecoin Price Prediction: Will NYSE ETF Push DOGE to $0.30?
