Suspected FTX Wallet Moves $5.2M Worth of JTO to FalconX

In Brief:

A wallet linked to FTX transferred 2.68M JTO tokens to FalconX.

The tokens are valued at approximately $5.2 million.

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On-chain data monitored by The Data Nerd indicates that a wallet suspected to be tied to the defunct crypto exchange FTX deposited 2.68 million JTO tokens to FalconX roughly nine hours ago. The transaction was valued at around $5.2 million.

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The move has sparked renewed attention toward FTX-linked assets, as observers monitor liquidation activity from the exchange's remaining holdings. It remains unclear whether this was part of an asset restructuring plan or a routine transfer.

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