{"id":540312,"date":"2023-01-18T08:05:27","date_gmt":"2023-01-18T05:05:27","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/which-tokens-could-ftx-dump-on-the-market\/"},"modified":"2023-01-18T08:05:27","modified_gmt":"2023-01-18T05:05:27","slug":"which-tokens-could-ftx-dump-on-the-market","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/which-tokens-could-ftx-dump-on-the-market\/","title":{"rendered":"# Which tokens could FTX dump on the market?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2944050b5cb\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2944050b5cb\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/which-tokens-could-ftx-dump-on-the-market\/#%E2%80%9D_Which_tokens_could_FTX_dump_on_the_market_%E2%80%9C\" >&#8221; Which tokens could FTX dump on the market? &#8220;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/which-tokens-could-ftx-dump-on-the-market\/#SBF_still_blogging\" >SBF still blogging<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Which_tokens_could_FTX_dump_on_the_market_%E2%80%9C\"><\/span>&#8221; Which tokens could FTX dump on the market? &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDEvZjA1N2EzN2ItMzdmNS00ZDljLWFiMjgtZjU4Mjk3YzM3MzhmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a4050f8>The new management of the bankrupt FTX exchange has identified $5.5 billion in assets that can be used to repay creditors, sparking fears a large swathe of crypto assets could be dumped on markets.<\/p>\n<p>On Jan. 17, FTX debtors identified $3.5 billion in crypto assets with $1.6 billion associated with the bankrupt exchange. The best known holdings are Solana&#8217;s SOL and FTX exchange token FTT, along with liquid assets including XRP, DOGE, Aptos (APT), Polygon (MATIC), TON, and BitDAO (BIT).<\/p>\n<p>Liquidators valued the tokens at the time of the bankruptcy petition. Cinneamhain Ventures partner, Adam Cochran,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/adamscochran\/status\/1615448032325034026\"> commented<\/a>:<\/p>\n<blockquote><p>\u201cSo liquidators were counting token prices on the day of filing, and consider the $529M of FTT to be \u2018liquid\u2019 in this calculation, as well as $685M of Solana which would mega nuke the SOL market.\u201d<\/p><\/blockquote>\n<p>He added these were the only \u201cliquid\u201d tokens they counted, adding \u201ceverything else is going to tank the price if you sell it.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/2<\/p>\n<p>So liquidators were counting token prices on the day of filing, and consider the $529M of FTT to be &#8220;liquid&#8221; in this calculation, as well as $685M of Solana which would mega nuke the SOL market. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/UTIxQ4EDdX\">pic.twitter.com\/UTIxQ4EDdX<\/a><\/p>\n<p>\u2014 Adam Cochran (adamscochran.eth) (@adamscochran) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/adamscochran\/status\/1615448032325034026?ref_src=twsrc%5Etfw\">January 17, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>A list of illiquid crypto tokens has also been identified raising concerns they could be sold off causing a price crash.<\/p>\n<p>On Jan. 18, Fortune reporter Leo Schwartz also posted the FTX report, highlighting the\u00a0 \u201cilliquid tokens\u201d list includes almost 10 billion Serum (SRM), LUNA, and Solana-wr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed versions of BTC and ETH. <\/p>\n<p>But many were obscure project tokens such as TRUMPLOSE, BEAR, and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">MEDIA<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">A breakdown of what FTX has deemed &#8220;illiquid tokens,&#8221; including my personal favorite easter egg from the infamous SBF balance sheet, TRUMPLOSE<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/iz9wAF3fM4\">https:\/\/t.co\/iz9wAF3fM4<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/c3HHlrtiwM\">pic.twitter.com\/c3HHlrtiwM<\/a><\/p>\n<p>\u2014 Leo Schwartz (@leomschwartz) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/leomschwartz\/status\/1615452893091356686?ref_src=twsrc%5Etfw\">January 17, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He highlighted TRUMPLOSE as an &#8220;Easter egg&#8221; which ties in with FTX and Alameda supporting Democrat politicians with large donations. TRUMPLOSE is a prediction token that FTX used during the U.S. presidential election. Traders could purchase TRUMPWIN or TRUMPLOSE tokens that would resolve to $1 should Trump have won or lost. FTX holds almost 14 million of them.<\/p>\n<p>BEAR Coin is a cryptocurrency designed to help animals by decentralized fundraising in cooperation with NGOs and animal lovers. There are 190 billion of them on the FTX balance sheet.<\/p>\n<p>It also has 8.3 million tokens from the bandwidth-sharing network, Media. The list goes on with 9.8 billion MAPS tokens from the Maps.me <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> app, and almost 10 billion OXY tokens for the Solana-based DeFi broker Oxygen.<\/p>\n<p><strong><em>Related:<\/em><\/strong><strong><em> <\/em><\/strong><strong><em>FTX has recovered over $5B in cash and liquid crypto: Report<\/em><\/strong><\/p>\n<p>Other illiquid assets include 2.4 billion Alium Finance (ALM), and more than 277 million in Bonafida (FIDA), a Solana developer platform. The list also included BRZ, GT, LIKE, HRXO, MSOL, JSOL, XSUSHI, AELPH, and JET holdings. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"SBF_still_blogging\"><\/span>SBF still blogging<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>On Jan. 18, FTX founder Sam Bankman-Fried reappeared with a new<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/sambf.substack.com\/p\/ftx-us-balance-update-2023-01-17\"> blog post<\/a> claiming the FTX report\u2019s information on the state of the business was \u201cextremely misleading.\u201d<\/p>\n<p>\u201cFTX US was solvent when it was turned over to S&amp;C [Sullivan &amp; Cromwell], and almost certainly remains solvent today,\u201d he stated. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/which-tokens-could-ftx-dump-on-the-market\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Which tokens could FTX dump on the market? &#8220; The new management of the bankrupt FTX exchange has identified $5.5 billion in assets that can be used to repay creditors, sparking fears a large swathe of crypto assets could be dumped on markets. On Jan. 17, FTX debtors identified $3.5 billion in crypto assets&#8230;<\/p>\n","protected":false},"author":1,"featured_media":540313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/f057a37b-37f5-4d9c-ab28-f58297c3738f.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[135234,127241,107545,4978,117],"class_list":["post-540312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-ftx","tag-ftx-token","tag-liquidity","tag-bankruptcy","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/540312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=540312"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/540312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/540313"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=540312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=540312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=540312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}