Alameda starts a token sale. Which altcoins could collapse in value
The dump is reported by Twitter users with a link to the transactions carried out
07.11.2022 - 12:45
588
3 min
0
What’s new? Alameda Research, owned by the head of the FTX crypto exchange Sam Bankman-Fried, has started selling off tokens from its reserves, including SUSHI and LDO coins. This was reported by analytics platform Lookonchain, and in the comments to the tweet, the representative of The Block Research Larry Cermak added information about the dump of a number of other assets.
1/ Besides $FTT, which altcoins to watch?We analyzed the tokens held by 56 addresses of #Alameda and listed tokens of more than $1 million in holding value.#Alameda could dump these tokens at any time.Including #SRM #LDO #BTC #ETH #RNDR #BIT #GOG #UNI #SUSHI #AVAX. pic.twitter.com/iAkF16h9o8 — Lookonchain (@lookonchain) November 7, 2022
What other data is known? Lookonchain provided links to transactions conducted with 478 999 SUSHI and 636 538 LDO that were transferred to the FTX exchange. The company noted that Alameda’s 56 addresses host 18 different cryptocurrencies, each with more than $1 million in holdings. Specifically, Alameda owns $30,39 million worth of USDC stablecoins, as well as $22 million worth of FTX’s (FTT) native tokens.
Larry Cermak posted a screenshot of the transactions that Alameda conducted with CHZ, LOOM, SHIB, LINK, and DYDX tokens. He noted that the company is transferring assets from FTX to the Binance crypto exchange.
They're also dumping a lot of other tokens on their Binance deposit address and depositing directly from FTX. - CHZ, LOOM, SHIB, LINK, DYDX pic.twitter.com/SwTCkQ6MVN — Larry Cermak 🫡 (@lawmaster) November 7, 2022
What is known about the situation? On November 6, crypto exchange Binance began a complete liquidation of its positions in FTT. Binance already transferred 23 million coins worth $584,8 million. The head of the exchange Changpeng Zhao noted that the liquidation will be carried out over several months to minimize the impact on the market. The decision itself is likely due to Alameda’s disclosed reports, which show that FTT tokens represent the largest share of the company’s accounts.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$89 915
BTC
-1.45%
-
Ethereum
$3 103.42
ETH
-2.67%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Dogecoin
$0.374527
DOGE
-4.92%
-
Ripple
$0.861614
XRP
+20.08%
-
Cardano
$0.628297
ADA
+10.7%
-
Bitcoin Cash
$427.12
BCH
-1.77%
-
Polkadot
$4.96
DOT
-0.57%
-
Litecoin
$84.01
LTC
+3.99%
-
Stellar XLM
$0.140043
XLM
+12.13%