Will 3.36 Million FTX Tokens Flood the Market in 24 Hours? Understanding the FTX Crypto Liquidation
The crypto world is buzzing with speculation: will 3.36 million FTX tokens be unleashed into the market within the next 24 hours? This question stems from the ongoing proceedings surrounding the bankrupt digital asset exchange, FTX, and the complex web of asset liquidation. Data indicates that the defunct digital trading company traded about $36 million with Polygon.
Recent developments shed some light. In an important move for the bankrupt digital asset exchange FTX, Judge John Dorsey has approved the sale of $3.4 billion in crypto assets. The clearance came from the United States Bankruptcy Court in Delaware. This ruling has fueled concerns about a potential market dump, influencing the FTX Token (FTT), the native cryptocurrency of the now-defunct crypto exchange FTX, is up, reflecting how broader market sentiment may also dictate price direction for the FTX token.
However, it's crucial to understand the nuances involved. Not all FTX-related token movements equate to immediate market sales. The token swap deal between Alameda and Bitdao, for instance, includes restrictions. Per the token swap deal, Alameda is required to HOLD the tokens for a period of at least three years. This agreement is significant, as the Bitdao community is questioning the sudden dump of $bit token, highlighting the scrutiny surrounding token movements and potential market manipulation.
The FTX saga is far from over. FTX, a once-leading cryptocurrency exchange that imploded in November 2025, is set to appear in Delaware Bankruptcy Court on Wednesday, September 13. This ongoing legal process directly impacts the future of FTT and other associated assets. Keep in mind that in 2022, the Binance CEO said on Sunday that his cryptocurrency exchange is liquidating its holdings of FTT, the native token of rival exchange FTX.
While the possibility of a large influx of FTX tokens remains a concern, various factors mitigate the immediate impact. Stay informed and track market movements closely for the most accurate picture of what’s happening with FTT and the broader crypto market.