Millions of altcoins have been transferred from wallets associated with FTX and Alameda Research to various crypto exchanges. On November 1, a total of $13.1 million worth of altcoins were sent to exchanges. The first transfer involved $8.12 million worth of altcoins being sent to Coinbase, including The Graph's GRT, Render's RNDR, and Maker's MKR tokens. Three hours later, another transfer of $5.49 million was made to Binance and Coinbase, including dYdX, Axie Infinity, and Aave tokens. Over the past week, a total of $78 million worth of assets have been transferred from FTX and Alameda wallets to different exchanges. The FTX bankruptcy court has allowed the sale of over $3 billion worth of crypto in weekly batches, with a current cap of $50 million per week. This cap is expected to increase to $100 million and potentially $200 million per week in the future.
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