Alameda Research Transfers $64M Worth of BIT Tokens to Mirana Ventures, Raydium (RAY) Spikes 5%

FTX liquidator made some large crypto transfers on May 23. The on-chain analysis platform PeckShield noticed the transfers and shared the details on Twitter.

According to PeckShield, the FTX liquidator main wallet transferred 378,000 Raydium (RAY) tokens to Binance. At the current price, these tokens are worth approximately $1.99 million. This transfer might indicate that the liquidator intends to sell the tokens.

The platform also highlighted that the liquidator transferred 72.6 million BitDAO (BIT) tokens to Mirana Ventures. These tokens are valued at around $64.4 million. Additionally, Alameda also received 10.335 million USDC and 28.4 million USDT from Mirana about 20 hours ago.

Finally, PeckShield noted that both BIT and RAY could experience volatility in the short term due to these transfers. However, the platform did not provide any further explanation for the transfers.

FTX liquidator main wallet has transferred 378K $RAY (worth ~$1.99M) to #Binance. This could be the liquidator preparing to sell the tokens.

🔎 Block: 26484695

Both BIT and RAY could be volatile in the short term.

This news comes as the FTX bankruptcy case continues to unfold. Earlier this month, a group of creditors filed a motion to have the crypto exchange’s founder, Sam Bankman-Fried, testify under oath about his role in the company’s collapse.

Meanwhile, the government is also taking steps to recover funds that were lost during the FTX bankruptcy. In March, the U.S. Department of Justice seized several properties that were linked to Bankman-Fried and his associates.