matrixportIn a research report published by altcoinHe talked about the factors that could lead to its collapse.
The cryptocurrency market is going through difficult times due to the FTX news flow. FTXin possession $3.4 billion His announcement that he would sell his cryptocurrency assets led to a collapse in altcoins. Many altcoins separated from the market and suffered serious losses. Examining the subject and preparing a research report matrixportHe stated that other factors besides FTX could deepen the decline of altcoins.
Critical days for altcoins are coming soon!
Matrixport recently published a report on altcoins. In the company’s report, FTXexpected by $3.4 billionIt was stated that crypto sales would put altcoins in trouble. FTX, will prefer to return fiat currency rather than return tokens.
On the other hand, the sale of FTX will be carried out in parts. Able to sell $200 million worth of crypto a week FTXwill complete the sale transaction by the end of 2023.
matrixport He mentioned that different factors other than FTX could also be a factor in the altcoin collapse. Head of Research at Matrixport Markus thielen, “ Crypto venture capital (VC) funds are also under immense pressure to return funds to their investors” said.
Apart from FTX, there are also altcoins held by institutional investors. ApeCoin, Aptos, Axie infinityProjects such as these sold tokens to risk investment management companies in their initial stages.
Stating that companies managing venture capital funds can also sell altcoins matrixport, FTXHe claimed that this situation, combined with the process, could mean collapse for altcoins.
