Post
Topic
Board Altcoin Discussion
Re: What happens next with the market?
by
dimonstration
on 23/06/2022, 15:39:47 UTC
I don't know these companies but if they've been big enough to handle the bull run and they're overwhelmed. I guess that there's a domino effect that had came from the Luna fiasco and it was passed on not just to the exchanges but also individual companies like those.

Almeda research is owned by Sam Bank Friedman which is the founder of FTX while this is behind the project like Solana, Serum, Raydium and other big name project on Solana ecosystem. This VC is extremely huge and this move is really a red flag because they are in possession a huge part on cryptomarketcap. They can dump the market if they will sonce they are bigger than Terra that recently collapsed. There is no official statement about this but this news is really intriguing. Thanks to OP for sharing.