In response to crypto analytics portal Kaiko, the mixed accounts of FTX, FTX US and its affiliate buying and selling agency, Alameda Analysis, nonetheless maintain $3.3 billion in numerous crypto belongings. Amongst them is XRP, of which the collapsed crypto empire has as many as $29 million price of tokens.

A slide from a FTX chapter deck was leaked earlier this week, the place FTX listed their “liquid” belongings

Let’s have a more in-depth look to see if collectors can count on any worth when the holdings are liquidated ⬇️

1/5 pic.twitter.com/y8zFseVjkO

— Kaiko (@KaikoData) January 20, 2023

Even if something FTX-related has been thought of poisonous for the previous two months, XRP holders needn’t fear about this locked-in quantity. In response to Kaiko, even when these accounts are liquidated, that means belongings are dumped onto the market, the XRP value is not going to really feel any stress. This is because of XRP’s liquidity, which is reportedly the fourth greatest on the complete crypto market.

Market shallows

If XRP’s market depth offers the token with a kind of security cushion, the identical can’t be stated for SOL, APT, TON and FTT. In response to Kaiko, these crypto belongings are prone to undergo essentially the most within the occasion of a doable liquidation of the accounts of the trio.

Whereas the mixed worth of SOL and FTT amounting to greater than $1.2 billion gave rise to such ideas, with Toncoin (TON) and Aptos (APT), issues are slightly extra refined. Thus, if the information is to be believed, with the mixed worth of APT and TON positions at $98 million, the amount of bids for each on centralized exchanges doesn’t exceed $4.5 million.