FTX and Alameda Contagion Fears Tank NFT Markets

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In the wake of FTX's stunning collapse, the tanking prices of ETH and SOL are hitting NFT marketplaces hard. camlearnscrypto reports:

Additional data from

showcases OpenSea’s daily trading volume on Ethereum has also fallen from about 6,000 ETH, or $7.1 million, to about 3,900 ETH or $4.6 million in the past day., director of research at NFT collective PROOF, OpenSea is experiencing its all-time high ratio of wrapped ETH to ETH volume, meaning that NFT buyers are purchasing NFTs at bid prices, rather than buyers purchasing assets at seller’s offer prices, suggesting that users are trying to liquidate as soon as possible.

 

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FTX_Official camlearnscrypto YaSerge8 BoDjimou nft

FTX_Official camlearnscrypto NFTs are worthless. Everybody knows it. Last one out, get the lights and grab the routers.

FTX_Official camlearnscrypto The contagion is spreading faaar and wide. Start selling those Ether rock jpegs♠️

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