As you all know, FTX collapse has already affected all the crypto industry

As you all know, FTX collapse has already affected all the crypto industry. However, the cryptos which could mostly be affected are the ones owned by FTX and their VC division, Alameda Research. Unlike the rest of FTX group, Alameda Research has revealed their portfolio:

Most of these assets may need to be eventually sold by the liquidator in order to partly recover the debt. Let's have a look at the tokens of this list:

• HOLE token is an ERC-20 token. On Etherscan, there is a link to a site, https://superblackhole.com/, however it only says "No sponsors"...
• The three other tokens are more well-known:
  • Polygon (MATIC): USD 50 million. As the market cap of MATIC is close to USD 8 billion, the impact of the sell-off should be limited;
  • NEAR (two lines): USD 80 million. As the market cap is USD 1.4 billion, the sell-off may affect more significantly the NEAR token price;
  • Mina: USD 20 million. This investment is less in proportion. However, Mina market cap is about USD 400 million, so it will have an impact.

Beside these tokens, it should be noted that Alameda invested in the following projects, which should also be affected by the potential sell-offs:

• Genesis Digital Assets (four lines): USD 1.5 billion invested into Bitcoin (BTC) mining. As Genesis is linked to Gemini, it explains the current issue;
• Mysten Labs: USD 100 million. As Mysten Labs develop the Sui network, it could have an impact on the future potential of this new blockchain;
• Aptos: USD 75 million. It partly explains the poor performance of Aptos token since its launch, since it is already affected by FTX/Alameda crash;
• Yuga Labs: USD 50 million. As these funds are now likely frozen, it may slow down the development and jeopardizes the potential of Yuga NFTs;
• LayerZero: USD 40 million. That's bad news for this Aptos bridge, which plans to launch its token, which could plummet as soon as launched;
• Offcian Labs (Arbitrum): USD 15 million. Although it is not a huge amount for this Ethereum layer-2, it might have an impact on their future token.

In summary, many crypto projects could be affected by FTX/Alameda collapse, and the list is not exhaustive. So it might be better to focus on  other projects which are not affected at all, e.g., Avalanche (AVAX) or Cosmos (ATOM), although it is not a guarantee that it will work better for these ones.

Please note that although Solana (SOL) is not mentioned above, they are also affected by FTX collapse, since FTX owns around 13% of their market cap.