Could this possibly have a major impact on the crypto market? I personally don't think so because of the $100-$200M selling limit per week. Also, FTX's Solana exposure is vested, meaning they won't be able to access those tokens until 2028. But, as we all know, anything is possible in crypto! Let's see how the market reacts.
It cannot be denied that negative news about FTX has rocked the crypto world again. In fact, many parties are worried about the existence of FUD because after all the nominal value is not small. The worry is that the result will be that the market will drop again and it will be difficult for it to rise again. And unfortunately, yesterday it actually dropped because there were some people who felt this FUD was really annoying. However, the overall effect was not big enough and in the end the market actually rose even more. So, you could say that many people are getting better and more aware of how to deal with market FUD like this. So, they will not fall further and further. And excessive worry is no longer the case nowadays. The rise in crypto prices is actually a good signal after the price plunge a few days ago. However, here, we should continue to be alert to what will happen next. Nothing will always go smoothly. But what is certain, make sure we are always prepared for various market conditions, and become more patient in dealing with various FUD. 
Topic: The implications of FTX's multi-billion crypto sell-off... (Read 180 times)
FTX wants permission to sell $3.4 billion in crypto assets, including a big chunk of Solana (SOL) tokens. They're also tangled in a lawsuit with LayerZero over $21 million in lost assets. The Delaware Bankruptcy Court will decide today, September 13, 2023. FTX plans to sell tokens, starting with $100 million a week, possibly going up to $200 million for each type. FTX owns $1.16 billion in SOL tokens, a big part of their $3.4 billion crypto stash.
Source: https://decrypt.co/155844/ftx-looks-to-offload-billions-in-crypto-heres-what-it-means
Could this possibly have a major impact on the crypto market? I personally don't think so because of the $100-$200M selling limit per week. Also, FTX's Solana exposure is vested, meaning they won't be able to access those tokens until 2028. But, as we all know, anything is possible in crypto! Let's see how the market reacts.
Things like this are surely not going to increase the brand reputation that's already in the toilet, so imagine the reasoning behind FTX2.0 and why people would want to even revive that. Only reason i can figure out is just company money grab. Dumping SOL not only angries the earlier sol supporters but EVERY altcoin holder out there, as this impacts the whole markets. Source: https://decrypt.co/155844/ftx-looks-to-offload-billions-in-crypto-heres-what-it-means
Could this possibly have a major impact on the crypto market? I personally don't think so because of the $100-$200M selling limit per week. Also, FTX's Solana exposure is vested, meaning they won't be able to access those tokens until 2028. But, as we all know, anything is possible in crypto! Let's see how the market reacts.
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FTX plans to sell tokens, starting with $100 million a week, possibly going up to $200 million for each type. FTX owns $1.16 billion in SOL tokens, a big part of their $3.4 billion crypto stash.
The price of SOL will take a toll, the market has improved recently and when they start selling it will have an impact in the market and SOL will go down considerably considering the amount of tokens they are holding, $268 million in BTCitcoin and what is not clear is that how they are planning to sell. If they are selling these in the open market, then it will impact the market as this fear alone will drag the market down. FTX plans to sell tokens, starting with $100 million a week, possibly going up to $200 million for each type. FTX owns $1.16 billion in SOL tokens, a big part of their $3.4 billion crypto stash.
I could not have major impact for whole of market but i will say yes for solana. Solana is heavily invested by FTX. The solana community must move to another crypto to protect its asset from the dump by FTX
If everybody starts selling to move to other assets, the price of solana could already begin a downward spiral before FTX gets a chance to even sell their assets. So far, the market sentiment has flipped bullish and Solana also has one of the strongest communities in all of web3 and I'm pretty sure the ecosystem will survive the weekly dumps that FTX will start orchestrating. However, I have my concerns:
- Solana Ecosystem might be as good as dead. FTX was a major promoter and market market for most of solana ecosystem projects and without that influence and money to push Solana ecosystem narrative, it's as good as dead. Soon: TVL will drop and users will move on if nothing is happening in their ecosystem.
Open question to everyone: Any hope for another Solana season in the future?
It seems to me that this is just a new scarecrow to manipulate the price in the market. This has already happened with other major exchanges that were hacked or went bankrupt. Now there will be new news that FTX may sell a large amount. But it seems to me that it will not happen, and if it does, it will probably be sold in parts and not on regular exchanges. It's just hype.
Will many people panic with this news? On X.com there are a lot of tweets that sound like they are scaring FTX who will sell assets every week for hundreds of millions of dollars and that will happen today? Then what happens is that the market seems to be so calm it doesn't turn red, is it possible that this is only a small portion of the assets of all current market capital?Regarding market price manipulation, my thoughts are a little bit in that direction, this can be exploited by whales who will buy at the bottom and those who panic due to this news will be a little angry and may have started selling.
Could this possibly have a major impact on the crypto market? I personally don't think so because of the $100-$200M selling limit per week. Also, FTX's Solana exposure is vested, meaning they won't be able to access those tokens until 2028. But, as we all know, anything is possible in crypto! Let's see how the market reacts.
This will certainly have a huge impact, especially for Solana. Big sales mean there will be dumps. It will be a challenge for Solana to survive all these dumps. But the market will certainly move. It's a shame because I think Solana is one of the best when it comes to fast and smooth chain linking. 
This proposal is approved now and market is in Greens lol, even the ones listed to be sold by FTX, which is wonder to me, I expected a dump. Market reacted worse before approval than after.
No doubt why Solana is the biggest loser after the FTX Exchange collapse. Because FTX Exchange really owned a lot.
And we also witness how FTX Exchange shill Solana before, FTX Exchange acting Solana is their own chain network like BNB of Binance, although it is not really direct compared to other exchange that has their own chain network.
And we also witness how FTX Exchange shill Solana before, FTX Exchange acting Solana is their own chain network like BNB of Binance, although it is not really direct compared to other exchange that has their own chain network.
FTX wants permission to sell $3.4 billion in crypto assets, including a big chunk of Solana (SOL) tokens. They're also tangled in a lawsuit with LayerZero over $21 million in lost assets. The Delaware Bankruptcy Court will decide today, September 13, 2023. FTX plans to sell tokens, starting with $100 million a week, possibly going up to $200 million for each type. FTX owns $1.16 billion in SOL tokens, a big part of their $3.4 billion crypto stash.
Source: https://decrypt.co/155844/ftx-looks-to-offload-billions-in-crypto-heres-what-it-means
Could this possibly have a major impact on the crypto market? I personally don't think so because of the $100-$200M selling limit per week. Also, FTX's Solana exposure is vested, meaning they won't be able to access those tokens until 2028. But, as we all know, anything is possible in crypto! Let's see how the market reacts.
The prospect of these coins being sold off onto the market regularly every week makes the community extremely worried. With the plan approved, FTX will sell the coins without informing the community, instead, they will only notify the government trustees and creditor representatives. FTX proposed in the plan that they would sell this crypto without prior notice.Source: https://decrypt.co/155844/ftx-looks-to-offload-billions-in-crypto-heres-what-it-means
Could this possibly have a major impact on the crypto market? I personally don't think so because of the $100-$200M selling limit per week. Also, FTX's Solana exposure is vested, meaning they won't be able to access those tokens until 2028. But, as we all know, anything is possible in crypto! Let's see how the market reacts.
This initial proposal met with opposition from some commissioners. They believe that the sale of large amounts of BTC, ETH and similar coins needs to be widely announced to the community first. This can help reduce the impact on the market and keep people fearless. FTX revised the proposal based on officials' opinions. However, FTX still maintains the stance of not announcing sell orders in advance to keep the coin prices at the best possible level.
Perhaps we also need to be alert to these issues, because selling this compared to the market value will not be worth it, so don't be too afraid of the news, but also need to be careful with the crypto you are holding that FTX holds. The current situation seems like the market has not yet reacted strongly to this, after all, this is an ongoing part, besides we are also at a stage where there is also a lot of special attention for for the market sales.
FTX wants permission to sell $3.4 billion in crypto assets, including a big chunk of Solana (SOL) tokens. They're also tangled in a lawsuit with LayerZero over $21 million in lost assets. The Delaware Bankruptcy Court will decide today, September 13, 2023. FTX plans to sell tokens, starting with $100 million a week, possibly going up to $200 million for each type. FTX owns $1.16 billion in SOL tokens, a big part of their $3.4 billion crypto stash.
Source: https://decrypt.co/155844/ftx-looks-to-offload-billions-in-crypto-heres-what-it-means
Could this possibly have a major impact on the crypto market? I personally don't think so because of the $100-$200M selling limit per week. Also, FTX's Solana exposure is vested, meaning they won't be able to access those tokens until 2028. But, as we all know, anything is possible in crypto! Let's see how the market reacts.
With the affected coins, definitely. But seeing as there's a limit per week, I don't think we'd be seeing anything big of a dump, we might see a lot of traders taking advantage of the weekly sale though and make moves on the market, so you can expect a lot of changes within those say 2,3 days after the sale, but after that it should become relatively steady again. Cycle would probably repeat, and maybe only after a few months can we see if any significant change actually happened. Source: https://decrypt.co/155844/ftx-looks-to-offload-billions-in-crypto-heres-what-it-means
Could this possibly have a major impact on the crypto market? I personally don't think so because of the $100-$200M selling limit per week. Also, FTX's Solana exposure is vested, meaning they won't be able to access those tokens until 2028. But, as we all know, anything is possible in crypto! Let's see how the market reacts.
If we do add the confidence of investors in SOL though, then things change. A lot of holders would've probably sold their coins temporarily for now since this sell off would inevitably stagnate, if not dump the market of SOL. What would be the use of hodling it by then? They'd probably sell it off even if the request hasn't gone through yet, so a drop in the SOL market would probably be expected.
I used to own Solana, but when I heard this news two days ago, I decided to sell my Solana holdings. To be honest, I didn't want to take the risk of holding it in case FTX gets permission to sell. I believe this could have some impact. So, I sold it and plan to buy it back once this process is complete because I believe Solana is a promising cryptocurrency that will have a long-lasting presence in the crypto market
"Once this process is complete" will probably be too late. The best time to buy more is when people are focused on the negatives and panic selling, like right about now.
this is why investing in solana is always has been a bad idea, its quite literally just a tool for this company to make profit, quite frankly it didn't deserve any praise from the community.
just imagine this company just outright dumping the token, it will definitely have an impact, but honestly this could also be an opportunity of accumulation where fear is there, but it could become double edged sword since if it further dumps when we are making entry then we're gonna incur losses, after all solana trend hasn't been showing a good sign.
it has been going down ever since, chance of recovery i think are slim, people are considering twice before investing in solana which should be logical choices at this point.
just imagine this company just outright dumping the token, it will definitely have an impact, but honestly this could also be an opportunity of accumulation where fear is there, but it could become double edged sword since if it further dumps when we are making entry then we're gonna incur losses, after all solana trend hasn't been showing a good sign.
it has been going down ever since, chance of recovery i think are slim, people are considering twice before investing in solana which should be logical choices at this point.
Could this possibly have a major impact on the crypto market? I personally don't think so because of the $100-$200M selling limit per week.
If we're talking about dumping billions in assets then for sure that there's an impact on the market. But if there's a selling limit like how much in a week, maybe not that much. I was thinking of a single blow sale that they'll do. Also, FTX's Solana exposure is vested, meaning they won't be able to access those tokens until 2028. But, as we all know, anything is possible in crypto! Let's see how the market reacts.
Can't that be altered? as long as they've got that interest of dumping it then for sure that there's a way for them to remove that locked in period for that asset. 
I used to own Solana, but when I heard this news two days ago, I decided to sell my Solana holdings. To be honest, I didn't want to take the risk of holding it in case FTX gets permission to sell. I believe this could have some impact. So, I sold it and plan to buy it back once this process is complete because I believe Solana is a promising cryptocurrency that will have a long-lasting presence in the crypto market
"Once this process is complete" will probably be too late. The best time to buy more is when people are focused on the negatives and panic selling, like right about now.
FTX wants permission to sell $3.4 billion in crypto assets, including a big chunk of Solana (SOL) tokens. They're also tangled in a lawsuit with LayerZero over $21 million in lost assets. The Delaware Bankruptcy Court will decide today, September 13, 2023. FTX plans to sell tokens, starting with $100 million a week, possibly going up to $200 million for each type. FTX owns $1.16 billion in SOL tokens, a big part of their $3.4 billion crypto stash.
I will provide you a complete chart of crypto assets owned by FTX now. Solana community must be feeling worry about this. The price of solana has been plunged so hard due to this news. The dump from FTX will make it go down even deeper in a short time.
I expect panic selling for solana to happen in upcoming days. Im not feeling worry about BTC and ETH caused by these cryptos have so many daily trade volumes that can prevent the dump.
Solana is just having 300 millions daily trade volume. It will be so difficult to dump it as FTX owned 3/1 compared with daily trade volume of solana.
Could this possibly have a major impact on the crypto market? I personally don't think so because of the $100-$200M selling limit per week. Also, FTX's Solana exposure is vested, meaning they won't be able to access those tokens until 2028. But, as we all know, anything is possible in crypto! Let's see how the market reacts.
I could not have major impact for whole of market but i will say yes for solana. Solana is heavily invested by FTX. The solana community must move to another crypto to protect its asset from the dump by FTX 
It seems to me that this is just a new scarecrow to manipulate the price in the market. This has already happened with other major exchanges that were hacked or went bankrupt. Now there will be new news that FTX may sell a large amount. But it seems to me that it will not happen, and if it does, it will probably be sold in parts and not on regular exchanges. It's just hype.
Will many people panic with this news? On X.com there are a lot of tweets that sound like they are scaring FTX who will sell assets every week for hundreds of millions of dollars and that will happen today? Then what happens is that the market seems to be so calm it doesn't turn red, is it possible that this is only a small portion of the assets of all current market capital?Regarding market price manipulation, my thoughts are a little bit in that direction, this can be exploited by whales who will buy at the bottom and those who panic due to this news will be a little angry and may have started selling.
I think that this selling pressure is not as hard as it could be. However, it may be a good time for higher volatility and market manipulation
It seems to me that this is just a new scarecrow to manipulate the price in the market. This has already happened with other major exchanges that were hacked or went bankrupt. Now there will be new news that FTX may sell a large amount. But it seems to me that it will not happen, and if it does, it will probably be sold in parts and not on regular exchanges. It's just hype.
I used to own Solana, but when I heard this news two days ago, I decided to sell my Solana holdings. To be honest, I didn't want to take the risk of holding it in case FTX gets permission to sell. I believe this could have some impact. So, I sold it and plan to buy it back once this process is complete because I believe Solana is a promising cryptocurrency that will have a long-lasting presence in the crypto market
That is the smartest move mate, if I had own any of that could coin I would also do the same because this sell off will definitely hit the market hard, and it will be one of the biggest dump of solana, after the first which haven't even fully recovered, I bet the court won't grant this request considering the negative impact and loses this could incure to Solana investors. FTX, may bring a more dark days for the market if the request is granted and I wonder what the reason for the sell of I thought the 3.4 billion should be aimed at paying back investors who lost their money through the FTX bankruptcy drama that started some time ago.
Could this possibly have a major impact on the crypto market? I personally don't think so because of the $100-$200M selling limit per week. Also, FTX's Solana exposure is vested, meaning they won't be able to access those tokens until 2028. But, as we all know, anything is possible in crypto! Let's see how the market reacts.
At the time of writing, the global cryptocurrency market cap is $1.04T. FTX's asset of $3.4B is around 0.3% of the current whole market cap. So that minuscule number would hardly make a major impact on the cryptocurrency market. Even without the selling limits, I believe it would not significantly affect the market.
FTX has done enough as one of the contagion causes, so the current case would not affect the market as how it did back then. Nevertheless, as noted by Messari tweet, it likely affects some coins, especially those that have few weekly trading volumes. But generally, if we talk about the whole market, it will be fine.
If we look at as a whole for sure it cannot affect as a whole since even if many will sell and no noise will be created for sure no movement gonna happen with that scenarios. But if that incidents are been used by manipulator and they want to create fear to people then provably there's some bad movements will happen since we know how people reacts on negative news they hear so most provably we can see a short term dump happen when that massive sell off came.
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