Due to its current financial crises, Alameda research will have to sell all its Solana, the company’s second-largest asset. In addition, Sam Bankman-Fried may be closing down Alameda Research, the trading firm at the heart of his digital-asset empire, as he seeks last-ditch funding to preserve his struggling crypto exchange.
Despite the recent crash in the crypto market, the Oryen network is performing outstandingly well as it goes 120% up in price. As a result, many have called the Oryen network the new big project in the Defi ecosystem. It has even made the list of best DeFi to buy.
After doubts about FTX, the exchange’s liquidity, and Sam Bankman-Fried’s whole operation, Binance CEO Changpeng Zhao announced on November 6 that the exchange would sell its FTT Token. This triggered an incredible chain reaction that ignited an investigation into the assets kept by many CEXs.
Alameda Research has since gone bankrupt from this after it was established that they were borrowing significant quantities of assets from FTX, most of which were user funds. This bankruptcy will likely mean Alameda will have to sell its considerable stake in Solana, likely causing even more damage to the ecosystem than it already has.
The Oryen Network (ORY)
Despite the current market crash caused by the FTX news, Oryen Network ICO continues to perform, generating over 120% profits so far for the earliest investors. This is primarily due to the simplification of staking that ORY provides, which will be a key part of its widespread future adoption and one of the reasons there is such a heavy capital inflow in the presale currently.
The Oryen Autostaking Technic (OAT) pays every 60 minutes to all ORY holders at a tasty fixed APY of 90%. This passive staking income is distributed directly to wallets, meaning no relinquishing of assets is required at any point, a safety feature like no other.
In addition to this, ORY will be the governance token of the entire ecosystem, meaning those staking will continue to gain tokens towards voting for the future of the protocol. This decentralization and separation from bad actors is what will fuel ORY’s meteoric rise through the crypto ranks.
Looking at the Oryen Way.
Oryen is poised to lead a Defi revolution. Early investors have seen a massive increase in their portfolios. Despite the recent market crash, ORY has achieved a profit of +120%. So now is an excellent time to get it.
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Join Presale: https://presale.oryennetwork.io/register
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