FTX Token slips  20% over the course of an hour amid Alameda Contagion

After a good gaining phase, Crypto coins like FTT and Solana are down by 20% and 17% respectively

Fear of Three Arrows event related to FTX and its hybrid investment fund/market maker Alameda Research

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The latest data from CoinGlass says that there is huge short interest in FTT

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A good portion of Alameda's balance sheet contained FTT and Solana's SOL token

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Investors and marketers are concerned about FTX's liquidity

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In the market, the exchange is facing a massive stablecoin exodus of $451 million sent to the main platform.

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The good thing attracting investors is the interest rate hike from 5% to 10%.

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All this happening CEO Sam Bankman-Fried insured that everything is normal and there is no issues with withdrawals

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