Could this possibly have a major impact on the crypto market? I personally don't think so because of the $100-$200M selling limit per week. Also, FTX's Solana exposure is vested, meaning they won't be able to access those tokens until 2028. But, as we all know, anything is possible in crypto! Let's see how the market reacts.
It cannot be denied that negative news about FTX has rocked the crypto world again. In fact, many parties are worried about the existence of FUD because after all the nominal value is not small. The worry is that the result will be that the market will drop again and it will be difficult for it to rise again. And unfortunately, yesterday it actually dropped because there were some people who felt this FUD was really annoying. However, the overall effect was not big enough and in the end the market actually rose even more. So, you could say that many people are getting better and more aware of how to deal with market FUD like this. So, they will not fall further and further. And excessive worry is no longer the case nowadays. The rise in crypto prices is actually a good signal after the price plunge a few days ago. However, here, we should continue to be alert to what will happen next. Nothing will always go smoothly. But what is certain, make sure we are always prepared for various market conditions, and become more patient in dealing with various FUD.
