FTX Unveils $100 Million Weekly Crypto Liquidation Strategy: Here Are Two Tokens Gaining Momentum

A judge in Delaware recently approved FTX's request to sell its crypto reserves. According to reports, FTX currently holds $3.4 billion in Solana ($SOL), $BTC, and $ETH. After the court ruling, $SOL and one other hot new token surged. Investors say Domini.art ($DOMI) is the best new crypto to invest in for reliable ROI, and smart traders are buying up the token. 

Let's see why $SOL and $DOMI are surging in September.

FTX: $1.16 Billion in $SOL Set to Hit the Market

On September 13, Judge John Dorsey of the U.S Bankruptcy Court for Delaware ruled that the defunct FTX can now sell off its crypto assets to settle pending debts. According to prior reports from FTX, their digital asset balance stood at $1.16 billion in $SOL, $560 million in $BTC, $192 million in $ETH, and $137 in Aptos ($APT). In addition, Judge Dorsey also set a token disposal weekly limit to prevent a considerable market impact.

FTX can only sell $100 million worth of tokens weekly. However, this limit can be increased to $200 million on an individual token purchase basis, provided FTX gets a written permit from the court. The court also directed that FTX can sell $BTC, $ETH and stablecoins outside the set limit. Meanwhile, the sale of other top altcoins like $SOL and $APT are limited to $100 million per week due to the volume of tokens involved.

All this excitement around $SOL triggered a double-digit price surge for the token in the third week of September. On September 12, the token traded at $17.83. A week later, $SOL surged 12.19% and is trading at $19.99 on September 19. According to analysts, $SOL may surge if Solana whales return in Q4 2023 to try and accumulate the new tokens coming into the market.

Domini.Art Aims to Decentralize Art Ownership by Leveraging Blockchain

Domini.art is a creative blockchain-based art marketplace that allows art investors from all backgrounds to own fractionalized shares in prestigious artworks. The platform democratizes ownership of blue-chip artworks by tokenizing them into trending NFTs and selling them to investors on a dedicated NFT marketplace. Domini.art ensures all artworks undergo rigorous authenticity checks before allowing investors to buy shares. 

As a result, these high-end blue-chip artworks boast higher valuations. Also, the market enjoys increased liquidity from these new art investors who are no longer blocked by traditional barriers. In addition to this, Domini.art offers expert guidance to help new investors make the best investment decisions and build a diversified art portfolio faster. As a $DOMI holder, you enjoy benefits from the platform based on the number of tokens you own.

Some of these benefits include priority access to new artworks on Domini.art, special discounts on transaction fees, and exclusive invitations to art-related events. Savvy investors are buying $DOMI in its first presale stage, and the token is selling for $0.002625. At the end of the presale stages, the token will sell on major crypto exchanges for $0.015400 and deliver a 487% ROI to early investors.       

For Info about $DOMI, visit the Domini presale or Join the Community