Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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Sep / 14
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- Dogecoin (DOGE), Tron (TRX) and Polygon (MATIC) Could Get Rocked if FTX Liquidates Holdings: Analytics Firm
- Sep 14, 2023 at 01:00 am 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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