Alameda’s largest holdings are in USD Coin and other stablecoins, while FTX’s biggest holding remains its own FTT token. By shauryamalwa
Crypto exchange FTX and its sister trading arm Alameda Research’s wallet holdings have significantly dwindled in the past week following liquidity issues, illicit loans between each other, customer withdrawals and a market decline.
FTX holds over $600 million in wallets tracked by Dune, or a 76% decline since last week’s $2.6 billion figure. It holds over $100 million of that in FTT, its native exchange tokens, which have slid some 80% in the past week. The data was updated in Asian morning hours on Friday. In addition, FTX holds $69 million in USD Coin , some $61 million in Paxos Gold and $50 million in DAI, a decentralized stablecoin. It holds over $40 million of ether and staked ether each.On the other hand, Alameda’s $146 million public wallet is full of stablecoin holdings. It holds over $60 million in USDC and over $35 million spread over True USD , Tether and Dai .
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