FTT - FTX's Ticking Time Bomb: Dogecoin Tron And Polygon May Face Brutal Shockwave | Benzinga
Concerns have been raised regarding the potential market impact of FTX's (CRYPTO: FTT) liquidations on certain cryptocurrencies, in an analysis by a crypto analytics firm.
Messari's analysis highlights that while major cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) might be able to withstand the selling pressure, others like Dogecoin (CRYPTO: DOGE), Tron (CRYPTO: TRX), and Polygon (CRYPTO: MATIC) could face significant market turbulence.
This revelation comes ahead of the much-anticipated Benzinga's Future of Digital Assets conference on Nov. 14, where industry experts will discuss the evolving landscape of the crypto market and potential challenges ahead.
FTX liquidators currently hold an estimated $1.3 billion in liquid