# FTX CEO Sam Bankman-Fried’s Almeda Continues to Short YFI, Now Adds ETH & LINK Too

Almeda's Quant trading firm is now onto shorting the center of DeFi Ethereum, DeFi darling YFI, and the top DeFi cryptocurrency LINK.

The platform has investments in some of the top DeFi tokens, including WBTC, REN, BAL, COMP, SNX, NXM, and others.

But for now, they are short on ETH, LINK, and YFI.

Shorting YFI makes the most sense out of the three here, given all that is going around it. After what looked like a bottom last week, this popular DeFi token is back to sliding south. Recently, rumors were floating around of its creator Andre Cronje quitting the project, as even conveyed by the founder to a media publication himself only to deny it all on Twitter. He wrote,

“Still here. Still building. Nothing has changed. Anyone that says otherwise fuck off. I'm just done tweeting and being on social media.”

So, for right now, it just means Almeda sees YFI price declining, as Sam said YFI “have great builders — and might come roaring back if/when Andre builds cool shit that's less yield farming related.”

The second-largest cryptocurrency, Ethereum, meanwhile, is currently trading at around $385, down nearly 1.25% in the past month but still holding onto a 192% return YTD. LINK has moved back above$11.25 after experiencing huge losses -62.5% since hitting its peak in mid-August. The 7th largest crypto seems to have found its bottom around \$7.5 in late Sept.

“Alameda is short ETH, LINK, and YFI in size. Let's blow them up,” said trader and economist Alex Kruger.

As we reported last week, when the crypto twitter came to know that FTX CEO Sam Bankman-Fried’s Almeda is short on YFI, CRV, and UNI, some weren’t happy to see the company not feeling bullish around their favorite tokens.

Meanwhile, some think of it as a catalyst to the DeFi bottom, a move that will accelerate the downward momentum and get the winter down and over with so that the tokens can start its journey upwards again.

Among the tokens shorted by the trading company previously, CRV has lost 99% of its value while UNI and YFI are down 60% and 63% % from their ATH, respectively.

At that time, over the community’s vocal disappointment of Almeda – “a team of traders,” shorting the DeFi tokens, Sam took to Twitter to clarify that his focus is FTX and Serum, and not Almeda. However, he is “involved in larger investments,” there. He said,

“We naturally get long crypto: from FTT, and SRM, and all of our investments,” and “short the things that are less exciting.”

According to him, yield farming is a “bubble,” and “as is much of DeFi, and most of NFTs right now.”

“I'm not bullish on ETH-based DeFi as it exists: it just doesn't scale, and that's fatal. But that doesn't mean future DeFi won't be huge!”

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.