Try Quests to earn SOL-Ailing Alameda-
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The FTX's exchange token, FTT, went into freefall Tuesday even after the company got a lifeline from larger rival Binance – as fears scaled over the crypto trading firm Alameda Research's financial despairs, fueling what appeared to be contagion driving down prices broadly across digital asset markets. Alameda and FTX are part of the billionaire Sam Bankman-Fried's now-fast-dwindling crypto empire. FTT fell to $4, down more than 80% over the past 24 hours. SOL, the native token of the Solana blockchain, fell to $21 from $30. At press time, FTT trades at $5.56, and SOL changes hands at $23.90
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FTT, the token native to the crypto exchange FTX, lost most of its value after rival Binance, the world’s largest cryptocurrency firm, announced plans to acquire the company.
The coin traded at around $22 on Monday and sank below $5 Tuesday afternoon in New York. The sell-off wiped out more than $2 billion in value in the space of 24 hours.
Binance CEO Changpeng Zhao, known as CZ, wrote in a tweet to his more than 7 million followers that he expects FTT to be “highly volatile in the coming days as things develop.”.
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The speculation over Bankman-Fried's FTX started after CoinDesk reported last week that a notable portion of Alameda's balance sheet was made up of FTT, which is the FTX exchange's in-house token, and the Solana blockchain's SOL.
Since then, the market has grown concerned about FTX's liquidity. The exchange has faced a massive stablecoin exodus, with $451 million being sent off its main platform during the last week, and $15 million being pulled from its U.S. subsidiary, according to Nansen data. Currently, FTX has a balance of $59.2 million USDC and $28.5 million USDT, along with $8.6 million BUSD. FTX US has $41 million USDC, $12.8 million USDT, $39 million PAX, and $11.3 million BUSD available.
per token
from ethereum.core.ez_token_transfers
from ethereum.core.dim_labels
where label in ('alameda research','ftx'))
and day >= CURRENT_DATE - 10
and symbol in ('BUSD','DAI','USDC','TUSD','USDT')
Per platform
from ethereum.core.ez_token_transfers
from ethereum.core.dim_labels
where label in ('alameda research','ftx'))
and day >= CURRENT_DATE - 10
and symbol in ('BUSD','DAI','USDC','TUSD','USDT')
Solana chain
from solana.core.fact_transfers
from solana.core.dim_labels
where project_name in ('ftx', 'alameda research'))
and blockchain = 'solana'
and mint in ('EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v',
'Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB')
and day >= CURRENT_DATE - 10
case when mint = 'EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v' then 'USDC' else 'USDT' end as token_name
Per Symbol
- Of all the inflow transactions that happened on November 4th, which had the most number of transactions, 1682 transactions belonged to USDT, 1341 transactions on USDC,95 to BUSD, 42 to DAI, and 24 to TUSD.
- The total number of transactions that used USDT is the most. The total number of transactions that used USDT is 13.6k.
- The highest number of outflow transactions was on November 7th.On this day, 7205 transactions used USDC, 5650 used USDT,1041 used BUSD, 205 used DAI and 71 transactions used TUSD.
- The highest number of outflow transactions uses USDC with 25.77K.
Inflow Transactions number
Inflow USD volume
Outflow transactions number
Outflow USD volume
- Of all the USD volume of outflow transactions that happened on November 7th, which had the most USD volume, 1.5 billion USD belonged to USDC, almost 639 million to USDT, almost 208 million to BUSD, 17.5 million to DAI and only 3.2 million belonged to TUSD.
- In total, the highest USD volume belongs to USDC with 5.7 billion.
Total
Inflow
Outflow
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The highest Inflow number of transactions was on November 4th with 3180.
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On this day, the total USD volume of Inflow transactions was almost 1.09 Billion.
- The highest USD volume of all Inflow transactions on a single day was on November 7th with 2.3 billion.
- On this day, the total number of inflow transactions was 2440.
Net volume
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The highest USD volume as a positive net was on November 4th. On this day the net was almost 112 million.
- The highest negative net was on November 1st on this day the net was -158.4 million.
Solana Chain
- The highest USD volume of outflow transactions was on November 7th. On this day, the USD volume of USDC was the most with almost 1.5 billion.
- The USD volume of USDT was almost 700 million, BUSD was 186 million, DAI was almost 16 million, and the volume of TUSD was 3.5 million on this day.
- The highest USD volume of outflow in total belongs to USDC stablecoin with 5.8 billion.
Inflow and Outflow USD volume per token
Outflow USD volume per platform
Total Outflow volume per token and platform
Info
Sam Bankman-Fried is one of the richest people in crypto, thanks to his FTX exchange and Alameda Research trading firm.
he took a job trading ETFs at a quant firm, donating a chunk of his salary to charity, then jumped into crypto trading in late 2017.
Bankman-Fried launched his own exchange, FTX, in 2019. Built "by traders, for traders," it's one of the leading exchanges for buying and selling crypto derivatives.
Alameda Research Ventures (ARV) is a multi-stage crypto and fintech investment firm with a mission to take a pragmatic, real-world-oriented approach to finance - making it more accessible for all.
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News
FTX Exchange is a leading centralized cryptocurrency exchange specializing in derivatives and leveraged products. Founded in 2018 by MIT graduate and former Jane Street Capital international exchange-traded funds trader Sam Bankman-Fried, FTX offers a range of trading products, including derivatives, options, volatility products, and leveraged tokens. It also provides spot markets in over 300 cryptocurrency trading pairs, such as BTC/USDT, ETH/USDT, XRP/USDT, and its native token, FTT/USDT.
FTX Token (FTT) is a utility token that provides access to the FTX trading platform's features and services. It is also the native token of the FTX ecosystem.
The Binance Exchange is a leading cryptocurrency exchange founded in 2017 in Hong Kong. It features a strong focus on altcoin trading. Binance offers crypto-to-crypto trading in more than 600 cryptocurrencies and virtual tokens, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and its own token Binance Coin (BNB).
Binance Coin (BNB) is the platform's internal token. It is used to facilitate crypto trading on the Binance exchange. The coin was launched during an initial coin offering (ICO) in July 2017. Binance offered 20 million BNB tokens to angel investors, 80 million tokens to the founding team, and the remaining 100 million tokens to the various participants through the ICO process.
Per platform
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The highest outflow transactions was on November 7th. On this day, the total number of outflow transactions was almost 14.2k.
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The highest USD volume of the total outflow transactions was on November 7th. On this day, the total USD volume was 2.34 billion USD.
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- The highest number of transactions was on November 8th. On this day, of all the transactions, most of the transactions happened on Binance with 194.
- The highest number of inflow transactions belongs to Binance with 1299.
Inflow
Outflow
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