Coinspeaker
FTX and Alameda Research Offload Over $97M Crypto in April

For a very long time, bankrupt crypto trading firm FTX Derivatives Exchange and its sister trading firm Alameda Research have engaged in the liquidation of their digital assets.

This action is aimed at ensuring that the FTX Estate has enough funds to launch the debt repayment plan that was proposed a while ago after the crypto exchange imploded. In April alone, FTX and Alameda Research liquidated crypto worth $97.35 million.

More Crypto in FTX and Alameda Holdings

The FTX crypto holdings consist of a significant percentage of Solana (SOL). This has forced the Solana ecosystem to feel the brunt of the liquidation than any other network.

According to blockchain analytics firm Arkham Intelligence, FTX’s holdings still have about $33.85 million worth of BOBA and $11.22 million in ETH. This is in addition to controlling over 78% of the FTT supply.

Pantera Capital and License.

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