A well known crypto newbie contact me about two crypto project he his currently holding, Mina Protocol and Fuel, the problem is Alameda and FTX are big investors of these two projects, he is asking if he should sell his bag and replace with other altcoin?
Is this a good reason to sell off your coins and replace with another that Alameda and FTX aren't involved? Pls drop your idea .
What will you do in this case?
The fact that FTX invests in those two projects and when FTX goes bankrupt does not mean that they also die with FTX, there are many other investors investing in those two projects, not just FTX and Alameda.
Look at Solana, FTX is considered the biggest investor, and Sol's success is largely due to FTX, but it's just having some trouble at the moment, not dead. Whether a project will die or continue to grow depends on the project team, not a certain investor.