11 Sep 2023

$3.4bn of altcoins could be starting to see some selling pressure

In an April filing, FTX said it held $3.4bn in crypto assets. In last week’s filing, FTX indicated its willingness to sell $200m of crypto assets per week as the company wants to return fiat instead of crypto to its users. This means FTX will continue to sell assets until the end of 2023. FTX holds and will potentially start selling: SOL $685m FTT $529m BTC $268m ETH $90m APT $67m DODGE $42m MATIC $39m BIT $35m TON $31m XRP $29m Source: Markus Thielen

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