# FTX/Alameda Address Stakes Millions in ETH Recent on-chain data reveals a significant transaction from addresses linked to the bankrupt crypto exchange FTX and its affiliated trading firm, Alameda Research. According to EmberCN, a substantial 20,736 ETH, valued at approximately $78.96 million, was transferred to an Ethereum Proof-of-Stake (PoS) address designated for staking. # Ethereum Staking Activity Increases This transfer highlights continued engagement with Ethereum's staking mechanism, even amidst the ongoing legal and financial fallout surrounding FTX. Staking involves locking up ETH to support the Ethereum network and earn rewards. This move could represent an effort to generate yield on assets held by the estates, though the exact motivations remain unclear. The transfer, executed just recently, adds another layer of intrigue to the monitoring of FTX and Alameda-related wallets. The impact of this staking activity on the overall ETH market remains to be seen. ```

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