2023-11-08 14:13:50
The FTT Debacle: Want To Cash In? Here's What Experts Said After Binance Selloff - Cardano (ADA/USD), Bi
Benzinga
By Murtuza MerchantA day after Binance CEO Changpeng Zhao revealed he would offload all the FTT tokens in the companys kitty, FTXs native token FTT/USD nose-dived about 35% and made a low of $15.56, from a high of $23.15 it had made over the last 24 hours.
FTT is currently trading at $17.20, down about 23%.
The debacle sent shockwaves across the crypto industry and dragged down major cryptocurrencies, including:
- Bitcoin BTC/USD and Ethereum ETH/USD, which are trading down 5% and 6.6%, respectively.
- Ripples XRP/USD trading down 7%
- Dogecoin DOGE/USD is down 13%
- Cardanos ADA/USD is down 6%
- Solana SOL/USD is down 12% over the last 24 hours.
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With the crypto market reeling under a bout of intense sell pressure, Benzinga spoke to experts about their views on the toke having a volume of 1.4 billion up 88% compared to the previous day, according to data from Coinmarketcap.
Continue read on benzinga.com
