FTX’s Solana wallet recently moved $10 million in alt coins to Ethereum via the Wormhole bridge within four days. This raised concerns in the cryptocurrency market about more token liquidations and their impact.

To tackle these worries, FTX debtors have introduced a well-organized plan for cryptocurrency sales. Their goal is to reduce disturbances in the market. The proposal suggests a $100 million weekly sales limit for most tokens, with the option to raise it to $200 million as needed.

Furthermore, the proposal outlines specific guidelines for the sale of assets categorized as “insider” assets, such as Bitcoin and Ether. It recommends implementing a mandatory ten-day notice period before initiating the sale of these assets. It’s important to note that this proposal, while outlined, is not yet legally binding and awaits review by the Delaware Bankruptcy Court on September 13.

In a disclosure made in April, FTX debtors unveiled their cryptocurrency holdings valued at a substantial $3.4 billion. They’ve kept their Bitcoin and Ether holdings private but have disclosed their less liquid token holdings. This disclosure offers some insight into the composition of their portfolio.

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FTX debtors are exploring the hiring of a financial advisor to oversee token sales. This strategy aims to safeguard creditor interests and ensure careful asset management. The goal is to reduce any potential adverse effects on token prices, particularly for less liquid assets.

To enhance stability amid price swings, FTX debtors intend to hedge their Bitcoin and Ether holdings. This ensures steadier returns when selling these assets. They are also considering staking select tokens, potentially yielding profits and increasing funds for creditors.

It’s worth mentioning that FTX had previously proposed Galaxy Digital Capital Management, led by Mike Novogratz, to oversee the sale and management of its recovered cryptocurrency assets.

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