
Jesicca
@king2024
1980 Following
479 Followers
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Mt. Gox transfers $931M in BTC to unknown addresses amid market uncertainty
Mt. Gox, the defunct crypto exchange, has transferred 11,833.6 Bitcoin, worth approximately $931 million, to new addresses, sparking fears of potential sell-offs.
According to on-chain data from Arkham Intelligence, the Bitcoin transfers, which took place on Mar. 11, saw 11,501.58 Bitcoin Bitcoin
btc
-2.22%
Bitcoin (~$905 million) moved to an unidentified wallet, while 332 BTC (~$26.1 million) was transferred to a warm wallet.
This follows a string of recent actions by Mt. Gox, such as the transfer of more than $1 billion in Bitcoin to a wallet with the name “1Mo1n” on Mar. 6. Today’s transactions were made by that wallet, which is now recognized as an official Mt. Gox address. Mt. Gox still holds about 35,915 Bitcoin, which is worth about $2.85 billion. 0 reply
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Trump-backed World Liberty Financial’s portfolio down $110M in unrealized losses
World Liberty Financial, the cryptocurrency investment platform backed by U.S. President Donald Trump, has seen its portfolio drop by $110 million in unrealized losses. According to data from Arkham Intelligence, WLFI’s investment of $336 million across nine cryptocurrencies is now worth approximately $226 million. Of the portfolio’s losses, Ethereum Ethereum
eth
-2.75%
Ethereum is responsible for 65%.
Ethereum is trading at around $2,000 as at Mar. 10, meaning that WLFI, which bought it at an average price of $3,240, is down an estimated $80.85 million, or almost 37% of its total investment.
Tron TRON
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-2.51%
TRON has proven to be the most resilient of WLFI’s holdings, down just 5%. The portfolio’s other holdings, which have all contributed to the WLFI’s losses, include tokens such as stETH ($10.27M), WHITE ($5.87M), Movement Movement
move
-13.06%
Movement ($3.5M), and Ondo (ONDO) ($296,000). 0 reply
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