Cryptocurrency Q&A
Why did FTX fail, causing Multicoin losses?
Why did FTX fail, causing Multicoin losses?
Riccardo
Sun Nov 24 2024
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6
answers
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FTX, a prominent cryptocurrency exchange, failed recently, leading to significant losses for Multicoin. I'm curious to understand the reasons behind FTX's collapse and how it impacted Multicoin specifically.
6 answers
Andrea
Mon Nov 25 2024
Alameda held a substantial position in Solana coins, which has exacerbated the negative impact on Solana's price.
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CryptoNinja
Mon Nov 25 2024
Multicoin has also suffered a major setback due to its large holding of Solana tokens.
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mia_anderson_painter
Mon Nov 25 2024
The collapse of FTX has triggered a significant drop in the value of Solana.
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Enrico
Mon Nov 25 2024
In the past 12 days, Solana's value has plunged by 64%.
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CryptoEnthusiast
Mon Nov 25 2024
Additionally, the support provided by Bankman-Fried for Solana has further contributed to Multicoin's losses.
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