The Smart Money Heaped on Binance with DOGE Bought From These 2 Coins!

A large whale caught on the radar of whale watching boats is in the spotlight with a $21.73 million DOGE transaction sent to Binance that caused a slight correction. On the other hand, Alameda, the sister company of the bankrupt FTX, is collecting these coins from OKX…

Giant crypto whale spooked by 300 million DOGE it could sell on Binance

Whale watching bot Whale Alert reports that an anonymous whale has transferred 299,999,999 Dogecoins (DOGE) to Binance. During the transfer, the DOGE price drops by 4.5% compared to the last 24 hours. The downtrend was independent of the market and probably sellers are on the cards right now.

Later, another whale watcher, DogeWhaleAlert, spotted several other DOGE transfers to Binance. These transfers totaled slightly more than Whale Alert reported. Again, a huge chunk of Dogecoin was transferring to Binance.

As Kriptokoin.com, we have included other million transfers sent to Binance today in this article.

The first of the transactions that DogeWhaleAlert identified were 29,784,022 and 25,000,858 DOGE transfers from a wallet that was among the top 20 whales. These transfers were worth about $4 million in total. Known as smart money, this group of investors is rocking the current DOGE price hard. Elsewhere, wallets are busy buying altcoins from OKX, according to Alameda Research.

Alameda Research collects these coins

Wallets affiliated with FTX’s sister company, Alameda Research, received millions of dollars’ worth of tokens from OKX today. Data from Arkham Intelligence shows that Alameda bought just over $57 million in Tether (USDT) and $300,000 in Mask (MASK) from OKX early Tuesday.

At the time of the FTX exchange and Alameda Research collapse, nearly $8 billion in funding was lost. In the transactions that followed, the exchange stated that it had recovered some of the lost funds, $1 billion. Later, a Bankruptcy District was established to help creditors become whole through recovery of lost funds. The recent transfer of $57.5 million in crypto to Estate’s wallets increases the likelihood of client funds being recovered.

The receiving wallets are controlled by the FTX Bankruptcy District, which was created to assist the creditors of the two companies following the collapse of FTX and Alameda last year.

SBF asks US judge to drop charges

According to the latest developments, FTX founder Samuel Bankman-Fried is asking a US judge to “drop the charges against him”. Bankman-Fried denied that the FTX exchange had stolen from its customers. He also pleaded not guilty regarding the events that shook the crypto ecosystem in 2022.