They have a lot of SOL that went up a lot since the article was published: [https://bitcoinist.com/crypto-dump-incoming-ftx-plans-to-sell-altcoins/](https://bitcoinist.com/crypto-dump-incoming-ftx-plans-to-sell-altcoins/) *The largest crypto position, according to Grogan, is Solana (SOL), of which FTX owns more than $700 million.* *This is followed by $575 million in FTT, $371 million MAPS, $127million OXY, $90 million WBTC, $82 million BONA, and around $500 million“in other random” Solana-based (SPL) tokens.*
Pretty misleading and this is peanuts. They are still net long. [https://www.reddit.com/r/CryptoCurrency/comments/10c07u7/alameda\_liquidators\_hit\_with\_liquidation\_for/](https://www.reddit.com/r/CryptoCurrency/comments/10c07u7/alameda_liquidators_hit_with_liquidation_for/) The largest crypto position, according to Grogan, is Solana (SOL), of which FTX owns more than $700 million. This is followed by $575 million in FTT, $371 million MAPS, $127 million OXY, $90 million WBTC, $82 million BONA, and around $500 million “in other random” Solana-based (SPL) tokens.
OXY *fully diluted* market cap is $133mm...FTX owns $127mm? Lmao The whole protocol has a TVL of under half a million according to CMC. Market Cap is half a mil. There is absolutely no way for FTX to get 127 million out of those tokens. That's their paper worth and once they start getting liquidated it will go towards zero very fast.
All the alt coins are included in the $4.6B, which may be liquid but will crash the value when they liquidate, and also include $700M in locked Solana coins. And who’s going to buy hundreds of millions of FTT coins now ? Quoted: « The largest crypto position, according to Grogan, is Solana (SOL), of which FTX owns more than $700 million. To this, however, the Coinbase director notes that most of them are locked, so he is not sure why they might have counted them. This is followed by $575 million in FTT, $371 million MAPS, $127 million OXY, $90 million WBTC, $82 million BONA, and around $500 million “in other random” Solana-based (SPL) tokens. »
This ex-employee claims he has seen the balance sheet: >\[THESE ARE NOT CONCRETE NUMBERS\] Liabilities: -8.8bn > >Liquid assets: 900m Less liquid: 2.037bn Illiquid: 3.2bn > >liquid hole: -7.9bn illiquid hole: -2.66bn [https://twitter.com/tackettzane/status/1591047749675651072#m](https://twitter.com/tackettzane/status/1591047749675651072#m) FTT, SRM, OXY, MAPS are entirely excluded from these numbers.
You could buy MAPS and OXY on raydium which is solana's dex. I think you're missing the point here but I don't have the time to explain. Sam is a bad actor in the space and CZ is not. For now Binance does a great job of providing liquidity and has always done his customers right. That's all that matters whether you use a cex or not.
What meaningful project has he taken and centralized by buying up all the coins? Feel free to name it. He's not hijacking meaningful projects. He just invested in some shitcoins like anyone else. The difference is his shitcoins pumped, while Sam's, such as MAPS and OXY, did jack shit and literally just launched and fleeced money off retail.
>“The large amounts of SOL and Solana ecosystem tokens held by Alameda could get sold off in a worst-case scenario and underline the close links between FTX/Alameda and Solana,” said Riyad Carey, research analyst at crypto data firm Kaiko. >SOL is Alameda's second-largest holding, and it also holds significant amounts of SOL ecosystem tokens like MAPS and OXY, according to Carey. Looks like FTX selling large amounts of SOL to keep FTT price up, but at the end of the day it's all speculation
I watch what Warren Buffet (Berkshire Hathaway) does. He bought Chevron and OXY after the war in Ukraine started. He also purchased a lot of Citi and Activision/Blizzard. He is great for bear markets, but his peaks are never as high as the risky investors.
**Oxygen (OXY)** I have zero trust that they turn it around. Got blinded by marketing and a few big names investing in it (e.g. Multicoin, Sino Global Capital). They just promise things and don't deliver. I bet there will be a documentary about **Alex Grebnev** and his shady business dealings one day.
It's almost every solana token tbh. Once I saw the trend I unloaded my Ray, Tulip, Mango, Fida and they all tanked. I will def be dredging them in the coming year(s). Ohhh and OXY. I forgot about that one. I remember thats starred in my book but I can't remember why or what it even was haha.
yeah thats a big one. vet was being pushed so aggressively here, on twitch and on youtube. everybody was hyping it up. but idk, im pretty sure almost everything that was hyped around may in 2021 is in big red. VET, OXY, OMI, OXT, STORJ, ADA in free fall. all old hyped stuff is dying off. by the end of 2021 all of those i listed up started to be forgotten and everyone started hyping new stuff such as LUNA, SOL, LRC etc. moved from doge to shib and so on.
i have seen tens of posts like this since i joined crypto like 6 months ago..... there are hundreds or thousands of good tech coins that fell off like this and never recovered for up to 4 years they just keep hitting new lows. on some that i got i lost 2-3x my initial investment and they just keep dropping, ENJ, GRT, VET, OXT, OXY, OMI. alts can give shit ton return but u can also lose shit ton. now i very much preffer just buying btc or eth over alts