Due to the collapse of FTX, altcoin projects invested by Alameda and FTX Ventures attract attention. According to a data platform, Alameda holds 150 altcoins as a result of its investments. Here are the details…
Altcoin projects in the hands of FTX are curious
FTX has stopped withdrawal processes on the exchange as it is experiencing a liquidity crunch. Currently, the stock market advises against investing in the stock market, noting that withdrawal processes are disabled. Meanwhile, it is claimed that Sam Bankman-Fried, CEO of FTX, is in search of $ 8 billion, and if this measure is not closed, he will file for bankruptcy.
Investors are worried that options for FTX and its sister company Alameda are slowly running out. Because companies are known for their heavy investments in many crypto money projects. As a natural consequence of their investments, they have a certain amount of coins on hand. The expiration of the options available for FTX to recover may result in the disposal of their holdings. In other words, it is seen as likely by many investors that the coins in the hands of FTX and Alameda will compete with a large sale risk.
Therefore, users are wondering what the coins in the hands of Alameda and FTX consist of. Lookonchain, a cryptocurrency analytics platform, shared the data in question. The platform has created a list of 150 coins in total. These include cryptocurrencies such as BNB Coin (BNB), Mask Network (MASK), Fantom (FTM), Stepn (GMT), Compound (COMP). You can find all 150 altcoins on the list here.
Some altcoins got their share from FTX
Meanwhile, following the exchange’s FTT token, Solana in particular is currently experiencing a massive price drop. Koindeks.com As we reported, SOL token is one of the most valuable assets on FTX’s balance sheet, according to a report released last week. SOL is trading around $15 at the time of writing. According to the resulting documents, FTX holds approximately $ 1.2 billion as a SOL token. Of this, $292 million is “unlocked SOL” and $863 million is “locked SOL”. 41 million dollars is the “SOL collateral”.
The analytics service estimates Alameda’s net worth at $222.4 million. In total, they found 56 addresses starting with “0x” affiliated with Alameda. In addition, analysts analyzed Alameda’s assets and liabilities on Defi. In the middle of 56 addresses, there are 19 addresses with net assets of over $100,000. There are also 13 addresses with net assets of over $1 million. Lookonchain is worth more than $1M in ETH, BIT and FTT, excluding stablecoins. Analysts, you need to focus on these tokens,” he says.