Share this article
Crypto Fund Alameda's Ethereum Wallet Holdings Slumped 50% Since October
On-chain analysis shows Alameda has a $3 million debt spread over several Ethereum addresses.
Updated May 9, 2023, 4:01 a.m. Published Nov 9, 2022, 10:56 a.m.
Crypto fund Alameda Research holds just over $222 million in cryptocurrencies over 56 Ethereum addresses, analysis by on-chain researcher Lookonchain showed Wednesday.
That's half the more than $500 million it had Oct. 1, according to data compiled by The Block. Ether (ETH), the native token of the Ethereum blockchain, fell just over 8% in the same period.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Alameda has come under scrutiny following a CoinDesk report last week that found its balance sheet was full of FTT, the native token of crypto exchange FTX. Both companies are owned by Sam Bankman-Fried, meaning the trading fund rested on a foundation largely made up of a coin invented by its sister company, not an independent asset like a fiat currency or another cryptocurrency.
More than $150 million of Alameda's tokens are held in its Ethereum wallets, with 50% of that held in just one wallet. Another 13 addresses hold more than $1 million, and 19 contain $100,000. Some $75 million worth of tokens is held in decentralized finance (DeFi)-based wallets.
Crypto holdings over $1 million consist of stablecoins, ether, BitDAO (BIT) and FTT.
Alameda has debt of $3.6 million overall, the research shows.
Alameda supplied more than 6.9 million FTT tokens, worth $35 million at the time of this writing, to DeFi lending application Abracadabra. Another 4.6 million SUSHI, worth $6.11 million, is held on the DeFi exchange SushiSwap.
“She could withdraw and sell at any time,” Lookonchain said, referring to Alameda co-CEO Caroline Ellison.
Alameda didn't immediately respond to a request for comment.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
JPMorgan Pushes Deeper Into Tokenization With Galaxy's Debt Issuance on Solana
Galaxy’s onchain debt deal, where JP Morgan acted as arranger, was settled in USDC stablecoin and backed by Coinbase and Franklin Templeton.
What to know:
- J.P. Morgan arranged Galaxy Digital’s commercial paper issuance on the Solana blockchain, one of the first of its kind in the U.S.
- Coinbase and Franklin Templeton bought the short-term debt instrument, settled in USDC
- Tokenization of real-world assets is gaining traction, with projections suggesting the market could reach $18.9 trillion by 2033.
Top Stories
