Altcoin Dumped By 35 Percent By Alameda Revolts: “We Sell FTT Too!”

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You are Binance CEO FTX and Alameda After bringing the allegations about Research to the agenda, the tense markets said hello to the day with a sharp decline today.

While FTT experienced a 30% drop today, it also pulled many altcoins with it.

There were fears that Alameda would dump other altcoins to hold the FTT price. It seems to have been feared.

With the sharp drop in FTT at night, many altcoins have seen big decreases.

It was thought that Alameda would primarily sell Solana to keep FTT. As expected, there was a 20% dump on SOL.

Alameda, who was in a difficult situation during this process, seems to have failed to keep some of her promises.

In 2021, a swap agreement was made between Alameda and the ByBit exchange, and promises were made that these tokens would not be sold for 3 years.

In this deal Alameda 3.36 million FTT and 100 million BIT token had received. at night time FTTduring the decline in BIT There was also a 35% drop in the token.

Bybit The token community is behind this dump Alameda He thinks he’s wrong and doesn’t keep his promises.

ByBit CEOthat someone didn’t keep their word and 100 million BITs He said they might have been cheated on that he was selling.

The community issued a statement asking Alameda for proof that they did not sell BIT tokens, otherwise they said they would sell their 3.36 million FTT.

On top of that, Alameda CEO said that they are busy right now, but they are not the person behind this sale, and they will send the funding proofs when the situation calms down.

Although the Alameda CEO’s response was similar to the statements of the scammer Do Kwon, who made a statement during the LUNA collapse, it was enough to convince the ByBit founder.

ByBit CEO “although nothing has been confirmed yet, this statement gives us confidence.” said.


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