Biggest Movers: FTT Down 30% on Tuesday, Falling to 21-Month Low
FTX token continued a recent sell-off on Tuesday, as prices slipped to their lowest level since February 2021. The decline comes as traders liquidated their positions, following recent tweets from Binance CEO Changpeng Zhao. CZ initially stated that the exchange would liquidate all its FTT, however he has now confirmed that Binance will be fully taking over its competitor, FTX.
FTX Token (FTT)
FTX token (FTT) fell to its lowest level in 21-months on Tuesday, as traders continued to liquidate their positions.
The decline began after tweets from Binance CEO Changpeng Zhao over the weekend, who stated that the exchange would be moving away from FTT.
CZ tweeted, Due to recent revelations that have come to light, we have decided to liquidate any remaining FTT on our books.
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