TechFlow reported, Matrixport said in a report that FTX plans to sell at least $3.4 billion worth of cryptocurrencies, which will put pressure on altcoins for the remainder of this year. FTX indicated it aims to sell $200 million worth of digital assets per week, meaning the asset sales could continue through the end of 2023.
Besides FTX, other major sellers are also active in the market. The report noted that venture capital firms (VCs) are under significant pressure to return funds to their investors. Markus Thielen, head of research, believes these venture capital funds may remain substantial sellers of altcoins.
Add to Favorites
Share to Social Media
