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REGULATION
by
2 years ago

Why FTX Backs Solana?

2022-11-08

REGULATION
by
2 years ago


Recently revealed balance sheet of Alameda Research indicated that the company has invested heavilty in Solana.


Alamelda Research founded by Sam Bankman-Fried holds 2 cryptoassets.


1. Solana including

$292 million unlocked SOL

$863 million locked SOL

$41 million SOL collateral


2. FTT token including

$5.82 billion FTT (within $5.82 billion comprises of $3.66 billion unlocked FTT and $2.16 billion FTT collateral)


Sam Bankman-Fried founded Alamelda Research and FTX exchange. By looking from the number of SOL Alamelda Research is holding, we can assume that FTX is going to support Solana for sure.




References

-https://cryptoslate.com/alameda-sells-over-200m-in-stablecoins-to-exchanges-ftt-token-comprises-majority-of-its-14b-in-assets/

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