PANews reported on September 11 that crypto KOL MartyParty said on the X platform in the early hours of yesterday morning: "Galaxy Digital is processing over-the-counter (OTC) sales of FTX assets. Some MATIC was sold to Coinbase and Kraken the day before. 2 million MATIC was sold to Coinbase and 1 million MATIC was sold to Kraken; Coinbase paid $1 million USDT to FTX. Kraken paid 500 ETH to FTX."
MartyParty believes that FTX assets will not enter the open market. He explained: "OTC stands for over-the-counter, which means that the inventory is being traded between exchanges, and it is not traded through the order book and does not affect the market."
According to news yesterday, crypto analyst The DeFi Investor said that there may be huge selling pressure next week. FTX may be approved to liquidate assets on September 13.
