100 Million Dollars a Week Sales Plan from FTX: Alarm Bells Are Ringing for Altcoins!

Bankrupt cryptocurrency exchange FTX is making plans to sell $100 million worth of cryptocurrencies per week.

According to Forbes, Bitcoin and cryptocurrencies are on the rise FTX, per week $100 million to sell cryptocurrency He’s making plans. These plans brought to mind the questions of which cryptocurrency the exchange holds the most and whether it will create sales pressure.

FTX’s new CEO John Ray is currently missing 8.7 billion of the dollar from 7 billion dollars saved the surplus and had the money to pay most of the money to users. According to the analysis made by Forbes, the stock market has $2.6 billion Solana (SOL) And Bitcoin (BTC) $1.7 billion There are also other cryptocurrencies.

FTX, which received approval from the court to sell crypto money in September, has since become a member of giant cryptocurrency exchanges. 100 million While transferring more than USD to Solana, also from other cryptocurrencies in total More than $300 million made the transfer.

US Securities and Exchange Commission (SEC) available It is stated that he was not very positive about the decision.

According to on-chain analysis platform Arkham Intelligence FTXin the hands of about $1 billion local cryptocurrency FTT is available. On the other hand, according to the court file, at the price of that period Bitcoin worth $560 million, Ethereum worth $192 million And $137 million Aptos (APT) It was located.

Forbes reports FTX’s cryptocurrency sales throughout the winter He said he would continue.

Advisors who managed FTX’s bankruptcy process withdrew from the stock exchange 953 million dollars He filed a lawsuit against the cryptocurrency exchange Bybit and two other organizations affiliated with it to get the money back.

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