Crypto Fund Alameda Ethereum Wallet Holdings Slumped 50% Since October

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Crypto Fund Alameda Ethereum Wallet Holdings Slumped 50% Since October
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Crypto fund Alameda Research holds just over $222 million in various cryptocurrencies over 56 Ethereum addresses, down from over $500 million in early October. By shauryamalwa

Crypto fund Alameda Research holds just over $222 million in cryptocurrencies over 56 Ethereum addresses, analysis by on-chain researcher Lookonchain showed Wednesday.compiled by The Block. Ethereum fell just over 8% in the same period.balance sheet was full of FTT

, the native token of crypto exchange FTX. Both companies are owned by Sam Bankman-Fried, meaning the trading fund rested on a foundation largely made up of a coin invented by its sister company, not an independent asset like a fiat currency or another crypto. More than $150 million of Alameda's tokens are held in its Ethereum wallets, with 50% of that held in just one wallet. Another 13 addresses hold more than $1 million and 19 contain $100,000. Some $75 million worth of tokens is held in

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