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bitcoin
Bitcoin (BTC) $ 23,909.41
ethereum
Ethereum (ETH) $ 1,672.22
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 321.51
usd-coin
USD Coin (USDC) $ 1.00
xrp
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Binance USD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.094687
cardano
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solana
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matic-network
Polygon (MATIC) $ 1.22
polkadot
Polkadot (DOT) $ 6.54
tron
TRON (TRX) $ 0.06361
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HomeCryptoNearly $30 Million Value of XRP Left in FTX , Here is...

Nearly $30 Million Value of XRP Left in FTX , Here is How Harmful It Is

In accordance with crypto analytics portal Kaiko, the mixed accounts of FTX, FTX US and its affiliate buying and selling agency, Alameda Analysis, nonetheless maintain $3.3 billion in varied crypto property. Amongst them is XRP, of which the collapsed crypto empire has as many as $29 million price of tokens.

Although something FTX-related has been thought of poisonous for the previous two months, XRP holders needn’t fear about this locked-in quantity. In accordance with Kaiko, even when these accounts are liquidated, which means property are dumped onto the market, the XRP worth won’t really feel any stress. This is because of XRP’s liquidity, which is reportedly the fourth finest on all the crypto market.

Market shallows

If XRP’s market depth supplies the token with a kind of security cushion, the identical can’t be stated for SOL, APT, TON and FTT. In accordance with Kaiko, these crypto property are prone to undergo probably the most within the occasion of a potential liquidation of the accounts of the trio.

Whereas the mixed worth of SOL and FTT amounting to greater than $1.2 billion gave rise to such ideas, with Toncoin (TON) and Aptos (APT), issues are just a little extra subtle. Thus, if the information is to be believed, with the mixed worth of APT and TON positions at $98 million, the amount of bids for each on centralized exchanges doesn’t exceed $4.5 million.

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