BIG SALES FROM FTX. WHICH COINS ARE SUBJECT TO SELLING PRESSURE?

SOL and MATIC are among the tokens that FTX may liquidate this week or next.

Despite the tough times over the past few weeks, the cryptocurrency market may be on the verge of another decline. This comes as the FTX exchange, which crashed into market failure in 2022, is preparing to liquidate some of its assets and Solana (SOL) and Polygon (MATIC) are involved.

FTX could soon sell approximately $650 million in SOL. Other assets held by the exchange that can also be traded include Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and many others.

Although SOL was FTX's largest asset, MATIC was the smallest at $39 million. Unsurprisingly, SOL was the most significant cryptocurrency among others. This is because former CEO Sam Bankman-Fried (SBF) never hid his admiration for the coin when the exchange was still active.

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