BREAKING NEWS! FTX/Alameda Makes Strategic Move with $79 Million ETH Staking!
FTX and its affiliates, Alameda Research, have recently made a significant move by sending 20,736 ETH, valued at approximately $79 million, for staking! On-chain transactions confirm the transfer from Alameda Research's multisignature wallet to various staking pools, including Figment Staking Pool Deposit.
This action is part of a strategic effort to optimize the value of remaining assets, especially following FTX's bankruptcy in 2022. By locking up ETH in staking pools, FTX/Alameda has the potential to earn additional ETH rewards, although the assets will remain illiquid until the withdrawal process is complete.
This decision highlights a growing trend of entities facing limited liquidity using staking to maximize returns. These large transactions could impact the available supply and price volatility in the Ethereum market.
Market observers will continue to monitor the long-term effects of this move on the overall crypto ecosystem.