Alameda Prove That It Didn’t Dump This Altcoin! Who Sold That Time?

FTT And as the pressure on Alameda continued, speculation about the BIT token was raised in the morning.

Bybit CEO stated that he had doubts that 100 million BITs, which were promised not to be sold for 3 years by Alameda, were sold and asked them to provide proof if they were not sold.

In the share made on the BitDao community Twitter account, it was announced that Alameda proved that 100 million BIT was not sold, and the wallet address where the tokens worth $ 39 million, which is part of the swap agreement, are kept.

1/2 Community update on BIP-4: the 100M $BIT has been transferred to the original BIP-4 swap wallet https://t.co/72FBhGieKY.

Thanks @AlamedaResearch @carolinecapital for the prompt response.

— BitDAO (@BitDAO_Official) November 8, 2022

BitDao community recommended that the BIT and FTTs, which were promised not to be sold, be kept at the announced addresses in order to avoid further speculation.

With the swap agreement made in 2021, BitDAO received 3.36 million FTT in exchange for 100 million BIT tokens. The parties also agreed that these tokens will not be sold for 3 years.

If Alameda could not prove that it did not sell these tokens, the BitDAO community voted to sell 3.36 million FTT.

Now the real question in the minds of investors is: “If Alameda didn’t sell, who made the sale that caused the BIT token to drop by 35% and put the blame on Alameda?”