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/biz/ - Business & Finance


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57009520 No.57009520 [Reply] [Original]

FTX's holdings in Solana have surged to an impressive $3.3 billion, a significant increase from $1.16 billion earlier this year.

Sam Bankman-Fried, the CEO of FTX, was a vocal supporter of the Solana project, and hence the exchange holds a substantial portfolio of 55.8 million SOL tokens

Of these holdings, most 42.2 million $SOL tokens are currently locked up and not immediately tradable on the market. Their market value, pegged at $1.16 billion earlier this year, has tripled to over $3.3 billion in the current market conditions, with $SOL trading at $78.

This surge in the value of FTX's crypto holdings is poised to propel its recovery to a full 100% repayment.

Besides Solana, FTX’s crypto portfolio has also been doing better. Most positions, including the Bitcoin and Ether the defunct exchange holds, turned green as $BTC crossed the $40k resistance level.

This sparks the question: Is it worth selling now?...

>> No.57009534

yes and this is why SBF will return from prison

>> No.57010037

>>57009534
These retards will get dumped on aswell

>> No.57010532

>>57009520
What a cohencidence. It's almost as if a cabal of international central banks is collaborating to prop up the assets of their failed attempt at taking over the normie crypto-sphere.