Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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Oct / 09
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- Dogecoin (DOGE), Tron (TRX) and Polygon (MATIC) Could Get Rocked if FTX Liquidates Holdings: Analytics Firm
- Oct 09, 2023 at 03:49 pm TheBitTimes
- According to crypto analytics firm Messari, FTX and Alameda's holdings of Dogecoin (DOGE), Tron (TRX), and Polygon (MATIC) could face price dips due to upcoming liquidations. Messari highlights that although the absolute value of tokens held is significant, it's crucial to consider their relative amount compared to each asset's actively traded volume. For instance, FTX/Alameda's BTC holdings ($353 million) represent roughly 1% of BTC's weekly traded volume, indicating that the market can absorb most of the selling. The same applies to ETH. The firm warns that these altcoins could be rocked by FTX liquidates.
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- FTX Wants to Get Mike Novogratz and His Galaxy Digital to Manage Its Crypto Riches
- Oct 09, 2023 at 03:45 pm U_Today
- Bloomberg reported that FTX plans to appoint Galaxy Digital, owned by renowned investor Mike Novogratz, to manage the remaining crypto assets of the platform. FTX seeks to entrust the asset management arm of Novogratz's Galaxy Digital with overseeing their crypto riches.
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