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

The post FTX & Celsius Move $35 Mln Worth of WBTC & ETH As Prices Soar appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am