The SBF trail will begin in October, before which FTX has received permission from the US Court to liquidate a large stock of its crypto treasury.
FTX will liquidate a large part of its treasury
FTX updated its Chapter 11 filing to include plans to liquidate "a portion" of the company’s reserves to bring money. The court of Judge John Dorsey has given FTX consent to liquidate the crypto assets through a careful process under the supervision of the creditor.
Which assets will be liquidated?
The assets that will be liquidated have an estimated market cap of $3.4 billion in current reserves: Solana ($1.16B), Bitcoin ($560M), Ethereum ($192M), APT ($137M), USDT ($120M), XRP ($119M), WBTC ($41M), WETH, STG ($46M), and BIT ($49M). One-third of these reserves belong to SOL alone.
People's opinions are divided
Opinions on the FTX Assets Liquidate impact are divided. One section believes that the liquidation of a huge amount of tokens will bring a bull run, but the other section thinks the treasury of FTX is not in the market, hence it's attempt to sell will not have any bull impact.
