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CoinBatmi feature visual — market neutral — FTX, Alameda-linked wallets send $75 million in ether to Wintermute, onchain data shows
Wallets associated with the FTX bankruptcy estate and Alameda Research transferred $75 million in ether (ETH) to a Wintermute wallet on Wednesday, September 23, 2026, according to on-chain analytics from PeckShield and EmberCN. This significant movement of funds has not yet been confirmed as a sale, with its ultimate purpose remaining undisclosed.
The transaction highlights ongoing asset management by the FTX estate.
FTX Estate's ETH Movement
The transfer involved 27,418 ETH, valued at approximately $75 million based on current market prices. On-chain data indicates the funds originated from addresses previously identified as belonging to FTX and Alameda Research. Such movements are closely monitored for insights into potential liquidation strategies by the bankruptcy estate.
Market maker Wintermute, known for its algorithmic trading and liquidity provision, received the substantial ETH sum. While transfers to market makers often precede large-scale sales or over-the-counter (OTC) deals, neither PeckShield nor EmberCN confirmed a sell-off following this particular transfer. The global crypto market cap stands at $2.93 trillion, with ETH dominance at 11.4%.
Market Response and Outlook
Ethereum's price currently trades at $2,736.13, showing a marginal 0.18% decline over the last 24 hours, CoinGecko data shows. Despite the recent dip, ETH has posted a strong 13.85% gain over the past seven days. This resilience suggests the market has not yet fully priced in potential selling pressure from the FTX estate's movement.
ETH 7-Day Price Performance
Traders are closely watching Wintermute's wallets for any subsequent distribution of the transferred ETH. Any confirmed sales could introduce downward pressure on ETH's price, particularly given the size of the allocation. The broader market remains sensitive to large asset movements from distressed entities like FTX.
Asset
Price (USD)
24h Change
7d Change
Market Cap (USD)
ETH
$2,736.13
-0.18%
+13.85%
$333.95B
Total Crypto
$2.93T
-2.70%
N/A
$2.93T
The circulating supply of ETH is 122.07 million, with a total supply matching that figure, indicating no new ETH entering circulation from inflation. Future announcements from the FTX bankruptcy estate or observable on-chain activity from Wintermute will provide further clarity on the ultimate fate of these assets.
Frequently Asked Questions
+What is the significance of FTX-linked wallets transferring ETH?
Transfers from FTX-linked wallets often signal potential asset liquidation by the bankruptcy estate to repay creditors, though the purpose of this specific transfer is unconfirmed as of September 23, 2026.
+What is Wintermute's role in this transaction?
Wintermute is an algorithmic market maker, and transfers to its wallets typically facilitate liquidity provision or over-the-counter (OTC) trades, which might precede a sale or other market operations.
+How has ETH's price reacted to this news?
ETH's price shows a slight 0.18% decrease in the last 24 hours, trading at $2,736.13, but maintains a strong 13.85% gain over the past seven days, suggesting limited immediate impact from the transfer.
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