🚨 The token sale of the bankrupt crypto exchange FTX will not have a shock effect on the market, according to Coinbase's research report. Reasons:

1️⃣ Token sales will not overwhelm the market with limited liquidations of $50 million per week in the first stage and up to $100 million in the following weeks.

2️⃣ A weekly increase of up to $200 million is possible with the approval of FTX's committees representing debtors.

3️⃣ FTX will be able to pay creditors by selling $1.16 billion SOL, $560 million BTC, $192 million ETH and $1.49 billion other tokens, according to the court decision.

4️⃣ There are strict controls and a 10-day notice requirement for the sale of "internally linked" tokens.

5️⃣ Most of FTX's SOL and some other tokens are locked until 2025.

6️⃣ FTX will be able to hedge the sale of BTC, ETH and other tokens through its investment advisor after receiving committee approval.

How do you think the FTX token sale will affect the market? Let's discuss in the comments! 🗣️💬