FTX is likely to get approval to liquidate its assets on Sep. 13, they had $3.4B in crypto in April.
And they will be doing this to refund claims.
Many have started to expect a significant market dump against this backdrop, but is this really the case?
Many believed that the fact that Alameda and FTX control roughly 47 million $SOL would cause the price of $SOL to fall to historically low levels.
Unfortunately, this is not the case.
If it weren’t staked and locked, they would have happily sold SOL to reimburse claims.
Their ownership of 80% of FTT’s supply is another issue, although it’s not all negative.
They could simply dump it to zero, but it makes no sense given that they already control nearly all of the tokens and that it isn’t liquid-locked.
Dont forget to drink your coffe
I doubt. I think everything will be okay
at this point i just stay away from trading. bought evth i wanted already. just farming airdrops and rebalancing some assets
No call for alarm ohh! we have seen worse.
quite possibly. They will sell all their assets, which will have an incredible impact on the market.
No problem, market will be good