Render featured in FTX/Alameda's latest transfer, stirring deepening price fall
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Crypto analytics insights provider Lookonchain revealed a total of $27 million worth of altcoins were moved again by the wallet, with Render taking the bigger portion of the funds. It remains unclear what the purpose of the transfers was, but the general assumption is that Alameda might be liquidating the funds, and this presents RNDR in a vulnerable state.are not uncommon, per Lookonchain data, this is the highest move as a total of 7.
Over the past year, Render has grown its ecosystem through this offering, and its future price stability hinges on this low-competition value proposition.Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.
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