A wallet belonging to Alameda Research received over $10 million in stablecoins from Bitfinex and another unknown entity overnight. The wallet now holds $210 million in ether and altcoins. Reporting by oknightcrypto.
The wallet, which has received several transactions from another Alameda Research address since its creation 31 days ago, now holds $183 million in various altcoins and $26 million in ethereum.
The largest holding is $54 million worth of BitDAO tokens , although that token has significantly thin liquidity with 2% market depth of just $15,000 on Coinbase, according to. Market depth is a metric that assesses how much capital it would take to move an asset by a certain percentage. It also received $4.5 million worth of USD Coin from an unknown entity as it appears to be consolidating assets in line with bankruptcy proceedings.
Earlier this month it was reported that crypto exchange FTX, the sister company to Alameda Research, hadTether did not immediately respond to CoinDesk's request for comment.
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