​Which altcoins suffered from FTX’s crash. Top 5 coins that collapsed

What’s new? The collapse of the FTX cryptocurrency exchange led to the fall of the entire market. On November 10, bitcoin hit a two-year low and the total capitalization of cryptocurrencies decreased to $0,824 billion. The possible bankruptcy of FTX threatens not only the native token FTT but also the assets in which the exchange and its affiliated trading company, Alameda Research, invested. Some of them have already fallen in price by several percents.

Which projects were hit the hardest? First of all, the collapse of FTX led to the collapse of the native FTX Token (FTT). Over the past 24 hours, the rate momentarily plunged by 58,67%. As of 15:45 UTC, the asset has recovered slightly and is trading at $3,2 (Binance’s data).

The native token of the Solana (SOL) blockchain showed a 42,25% drop to $12,37. Later, the token also added in value and rose to $17,63. A significant decline in the rate occurred on November 9 amid rumors of a dump of the asset by Alameda, which is one of the largest investors in the project. SOL is also the second-largest asset in the company’s capital, Investing.com reports.

The token of Zilliqa (ZIL), a layer 1(L1) blockchain protocol, rose to $0,02438 after falling by 22,95% in the past 24 hours. Earlier, Binance reported that trading of ZIL against the euro will be halted on November 18, 03:00 UTC. The reasons for delisting were not specified.

The token of Lido DAO (LDO), a liquid staking protocol, fell by 28,66%, below the $1 mark, but later recovered partially and is trading at $1,18. Ethereum, Solana, Kusama, and Polygon networks are available for staking with Lido. According to Blockchain Center, from July to September, LDO became the leader in growth among top altcoins with a figure of 278,9%.

The AVAX token of the Avalanche decentralized platform fell to $12,03, momentarily losing 19,41% of its value. Like other assets, it subsequently partially recovered to $15,51. According to Messari’s report, the network’s revenue decreased by 94,1% in the third quarter. In this, the Chicago Mercantile Exchange has been publishing daily price indexes for AVAX tokens since October 31.

GetBlock Magazine’s previous selection of the top 5 altcoins that rose in price in six months can be found in this feature.