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Alameda’s Ethereum Wallet Holding Drop By 50%

Author: Delma Wilson

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Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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As per Lookonchain, an on-chain research firm, Alameda Research now holds only 56 Ethereum addresses which indicates a drop from its $500 million holdings on October 1. Currently, Ethereum is down by 16% in the last 24hrs.

Nearly $150 million of Alameda’s tokens are stored in its Ethereum wallets among which 50% was stored in just one wallet. On the other hand, other 13 Ethereum addresses hold beyond $1 million and another 19 have $100,000. Overall the research claims that Alameda has a debt of $3.6 million.

Meanwhile it has been reported that Alameda has supplied nearly 6.9 million FTT which is worth of $35 million to Abracadabra, a DeFi lending platform.

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