Topics

Posted 9/13/2023, 9:15:30 AM

FTX Liquidations Could Cause Price Dips for DOGE, TRX, and MATIC Due to Low Liquidity

DOGE, TRX, and MATIC could see price dips due to upcoming FTX liquidations according to Messari.
FTX/Alameda hold significant amounts of these tokens relative to their trading volumes.
FTX/Alameda holdings of DOGE, TRX, and MATIC represent 6-12% of their weekly trading volumes.
Liquidations of FTX holdings could have an outsized impact on prices due to the low liquidity of these tokens.
SOL and APT holdings are mostly vesting tokens, so liquidations may have less impact.

dailyhodl.com

Relevant topic timeline:

8/25/2023

5 cryptocurrencies under $0.10 to consider buying next week

The recent downturn in the cryptocurrency market has led to the liquidation of long positions and a decrease in market capitalization, but five undervalued cryptocurrencies trading below $0.1, including VeChain (VET), SNM (SONM), MVL (MVL), Dogecoin (DOGE), and Hedera (HBAR), have the potential for a rebound in the future.

8/30/2023

Top 2 Cryptocurrencies To Watch in September 2023

In September 2023, two cryptocurrencies to watch out for are Dogecoin, which could spike in price if Elon Musk's platform enables cryptocurrency transactions, and Shiba Inu, which has the potential to increase in value if its network successfully burns SHIB tokens.

9/6/2023

Crypto Analyst Predicts 170% Upside For Dogecoin By 2024: 'We All Know The Game Plan…Right?'

Crypto analyst Crypto Tony predicts that Dogecoin (DOGE) will reach levels around $0.17 before April 2024, indicating a potential increase of approximately 170%.

9/11/2023

FTX Liquidation Fears Spark Crypto Sell-Off as $3B in Assets May Flood Markets

A bankrupt crypto firm holding billions of dollars in digital assets could cause a price collapse, with traders selling due to fears of FTX liquidating its $3 billion crypto holdings.

9/11/2023

FTX Seeks to Liquidate $3.4 Billion in Crypto Assets, Putting Downward Pressure on Solana, Aptos, and Dogecoin Prices

FTX, a bankrupt crypto exchange, is seeking court approval to liquidate $3.4 billion in cryptocurrencies, with a maximum offload of $100 million per week, potentially impacting the market in a more gradual manner rather than causing a sharp fall in asset prices; this article examines the price movements and potential impact on Solana (SOL), Dogecoin (DOGE), and Aptos (APT).

9/12/2023

FTX Selling Spree to Return Billions in Fiat Spooks Altcoins, With More Token Unlocks Ahead

FTX's plan to sell $3.4 billion worth of crypto to return fiat currency to users, along with pressure on crypto venture capital funds to return funds, is expected to create an overhang for altcoins, leading to potential declines in prices.

9/12/2023

Bitcoin Rebounds After Dip Below $25K, But FTX Fallout Still Weighs on Crypto Market

The price of bitcoin rebounds by 4.5% as fears around FTX liquidations ease and investors cover short positions, but uncertainty remains due to weakened momentum and lack of clear market catalysts.

9/18/2023

FTX Liquidation Unlikely to Shock Crypto Markets, Will Sell Tokens Gradually Per Plan

FTX's sale of tokens held by the bankrupt crypto exchange will not cause a market shock, as liquidations are limited and there are strict controls and restrictions in place, according to a research report by Coinbase.

9/29/2023

Bankruptcy Court Approves Controlled Liquidation of $3.4B in FTX Crypto Assets to Repay Victims

FTX's bankruptcy court-approved liquidation of $7.1 billion worth of crypto assets, including Solana and Bitcoin, is not expected to cause a market crash, as the court has implemented measures to ensure market stability during the process.

Topics

Posted 9/13/2023, 9:15:30 AM

FTX Liquidations Could Cause Price Dips for DOGE, TRX, and MATIC Due to Low Liquidity

DOGE, TRX, and MATIC could see price dips due to upcoming FTX liquidations according to Messari.
FTX/Alameda hold significant amounts of these tokens relative to their trading volumes.
FTX/Alameda holdings of DOGE, TRX, and MATIC represent 6-12% of their weekly trading volumes.
Liquidations of FTX holdings could have an outsized impact on prices due to the low liquidity of these tokens.
SOL and APT holdings are mostly vesting tokens, so liquidations may have less impact.

dailyhodl.com

Relevant topic timeline:

8/25/2023

5 cryptocurrencies under $0.10 to consider buying next week

8/30/2023

Top 2 Cryptocurrencies To Watch in September 2023

9/6/2023

Crypto Analyst Predicts 170% Upside For Dogecoin By 2024: 'We All Know The Game Plan…Right?'

Crypto analyst Crypto Tony predicts that Dogecoin (DOGE) will reach levels around $0.17 before April 2024, indicating a potential increase of approximately 170%.

9/11/2023

FTX Liquidation Fears Spark Crypto Sell-Off as $3B in Assets May Flood Markets

A bankrupt crypto firm holding billions of dollars in digital assets could cause a price collapse, with traders selling due to fears of FTX liquidating its $3 billion crypto holdings.

9/11/2023

FTX Seeks to Liquidate $3.4 Billion in Crypto Assets, Putting Downward Pressure on Solana, Aptos, and Dogecoin Prices

9/12/2023

FTX Selling Spree to Return Billions in Fiat Spooks Altcoins, With More Token Unlocks Ahead

9/12/2023

Bitcoin Rebounds After Dip Below $25K, But FTX Fallout Still Weighs on Crypto Market

The price of bitcoin rebounds by 4.5% as fears around FTX liquidations ease and investors cover short positions, but uncertainty remains due to weakened momentum and lack of clear market catalysts.

9/18/2023

FTX Liquidation Unlikely to Shock Crypto Markets, Will Sell Tokens Gradually Per Plan

9/29/2023

Bankruptcy Court Approves Controlled Liquidation of $3.4B in FTX Crypto Assets to Repay Victims