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.
