There will be noise in the crypto industry in a few days. Because if authorized, FTX will liquidate a large number of its digital assets. There is talk of a plan to sell $200 million in cryptocurrencies. A case to follow closely!
In short
- FTX could get a green light to sell cryptocurrencies en masse
- Rich with around $3.4 billion, the fallen crypto exchange will liquidate the equivalent of $200 million per week
FTX to sell its crypto holdings
At the beginning of September, the presses reported a massive sale of SOL, raising fears a crash in the cryptocurrency market. A few days later, there were movements in FTX’s crypto wallets. SOL, ETH, BTC and MATH were transferred without any explanation.
“ A strong sales pressure is potentially coming next week.
FTX will probably get theauthorization to liquidate its assets on September 13.
FTX had $3.4 billion in crypto in April. The proposed plan is to sell assets worth a minimum of $200 million per week. »
According to Cuckoldrumors are currently circulating about a possible liquidation of FTX cryptoassets by September 13. For now, this remains speculation.
But we all know that Sam Bankman-Fried’s cryptocurrency exchange recently filed a request to obtain green light from the bankruptcy court. This authorization would concern the management and sale of its crypto assets.
For what purposes? Reimbursing its creditors or getting the fallen crypto exchange back on track. Or both at the same time ? It seems likely that FTX will use its digital funds to generate passive returns.
FTX’s new crypto asset manager would certainly have given him similar advice. The revival of this ex-crypto juggernaut is eagerly awaited by many.
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