The new management of the bankrupt FTX exchange has identified $5.5 billion in assets that can be used to repay creditors, sparking fears a large swathe of crypto assets could be dumped on markets.

On Jan. 17, FTX debtors identified $3.5 billion in crypto assets with $1.6 billion associated with the bankrupt exchange. The best known holdings are Solana’s SOL and FTX exchange token FTT, along with liquid assets including XRP, DOGE, Aptos (APT), Polygon (MATIC), TON, and BitDAO (BIT).

Liquidators valued the tokens at the time of the bankruptcy petition. Cinneamhain Ventures partner, Adam Cochran, commented:

“So liquidators were counting token prices on the day of filing, and consider the $529M of FTT to be ‘liquid’ in this calculation, as well as $685M of Solana which would mega nuke the SOL market.”

He added these were the only “liquid” tokens they counted, adding “everything else is going to tank the price if you sell it.”

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So liquidators were counting token prices on the day of filing, and consider the $529M of FTT to be “liquid” in this calculation, as well as $685M of Solana which would mega nuke the SOL market. pic.twitter.com/UTIxQ4EDdX

— Adam Cochran (adamscochran.eth) (@adamscochran) January 17, 2023

A list of illiquid crypto tokens has also been identified raising concerns they could be sold off causing a price crash.

On Jan. 18, Fortune reporter Leo Schwartz also posted the FTX report, highlighting the  “illiquid tokens” list includes almost 10 billion Serum (SRM), LUNA, and Solana-wrapped versions of BTC and ETH.

But many were obscure project tokens such as TRUMPLOSE, BEAR, and MEDIA.

A breakdown of what FTX has deemed “illiquid tokens,” including my personal favorite easter egg from the infamous SBF balance sheet, TRUMPLOSEhttps://t.co/iz9wAF3fM4 pic.twitter.com/c3HHlrtiwM

— Leo Schwartz (@leomschwartz) January 17, 2023

He highlighted TRUMPLOSE as an “Easter egg” which ties in with FTX and Alameda supporting Democrat politicians with large donations. TRUMPLOSE is a prediction token that FTX used during the U.S. presidential election. Traders could purchase TRUMPWIN or TRUMPLOSE tokens that would resolve to $1 should Trump have won or lost. FTX holds almost 14 million of them.

BEAR Coin is a cryptocurrency designed to help animals by decentralized fundraising in cooperation with NGOs and animal lovers. There are 190 billion of them on the FTX balance sheet.

It also has 8.3 million tokens from the bandwidth-sharing network, Media. The list goes on with 9.8 billion MAPS tokens from the Maps.me travel app, and almost 10 billion OXY tokens for the Solana-based DeFi broker Oxygen.

Related: FTX has recovered over $5B in cash and liquid crypto: Report

Other illiquid assets include 2.4 billion Alium Finance (ALM), and more than 277 million in Bonafida (FIDA), a Solana developer platform. The list also included BRZ, GT, LIKE, HRXO, MSOL, JSOL, XSUSHI, AELPH, and JET holdings.

SBF still blogging

On Jan. 18, FTX founder Sam Bankman-Fried reappeared with a new blog post claiming the FTX report’s information on the state of the business was “extremely misleading.”

“FTX US was solvent when it was turned over to S&C [Sullivan & Cromwell], and almost certainly remains solvent today,” he stated.