Solana

Aptos

Dogecoin

Polygon

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 <p>Three altcoins could suffer price dips due to upcoming FTX liquidations, according to the crypto analytics firm Messari.</p> 
 <p>Messari notes that FTX and Alameda hold $37 million worth of top meme asset Dogecoin (DOGE), $33 million worth of blockchain-based operating system Tron (TRX) and $22 million worth of the scaling solution Polygon (MATIC).</p> 
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 <p><em>“The relevant figure isn’t the absolute value of the tokens held, but rather their amount relative to each asset’s actively traded volume. For example, FTX/Alameda’s BTC holdings ($353 million) are roughly 1% of BTC’s weekly traded volume, meaning the market can absorb much of the selling, and the same goes for ETH.”</em></p> 
 <p><em>However, for DOGE, TRX, and MATIC, which are far less liquid, the $20~$30 million FTX holds represents 6-12% of weekly volumes and can have a much higher impact on the market.”</em></p> 
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  <img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F5wgHC4WoAAAJDk?format=jpg&amp;name=4096x4096" alt="" width="1063" height="499">
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   Source: Messari/X
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 <p>DOGE is trading at $0.0613 at time of writing. The 9th-ranked crypto asset by market cap is up more than 1.5% in the past 24 hours.</p> 
 <p>TRX is trading at around $0.0815 at time of writing. The 11th-ranked crypto asset by market cap is up more than 5% in the past day.</p> 
 <p>MATIC is trading at $0.511 at time of writing. The 14th-ranked crypto asset by market cap is up 1.75% in the past 24 hours.</p> 
 <p>Messari also says that Alameda holds $720 million worth of layer-1 blockchain Solana (SOL) and $66 million worth of the layer-1 blockchain Aptos (APT), but the firm notes that those holdings are made up mostly of vesting tokens and will be liquidated gradually, which will likely lessen their price impacts.</p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/dogecoin-doge-tron-trx-and-polygon-matic-could-get-rocked-if-ftx-liquidates-holdings-analytics-firm-tbt62639.html">https://thebittimes.com/dogecoin-doge-tron-trx-and-polygon-matic-could-get-rocked-if-ftx-liquidates-holdings-analytics-firm-tbt62639.html</a></p>

Dogecoin (DOGE), Tron (TRX) and Polygon (MATIC) Could Get Rocked if FTX Liquidates Holdings: Analytics Firm

TheBitTimes

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