BitDAO Community May Dump 3.3 Mln FTX Token (FTT), Here's Why

Crypto exchange Bybit's native token BitDAO (BIT) plummeted 20% suddenly on Tuesday. Ben Zhou, the co-founder of crypto exchange Bybit, believes that Alameda Research dumped BIT tokens and breached the commitment to avoid selling each other tokens for at least 3 years.

Timeline of Bitdao, Ftx-token

The battle between crypto exchange behemoths Binance and FTX is raging on while the latter's native FTT price is tanking. The post FTX Token FTT Price Tanks 32%, Binance CEO Denies the Blame  appeared first on BeInCrypto.

May is not that far and the crypto market is about to witness another crash, this time through FTX and Alameda Research platforms. Even top crypto analysts and experts have advised investors to invest in FTX through their own risk.

FTT (CRYPTO: FTT), the token created by crypto exchange FTX, dropped significantly amid an intensive sell-off fueled by Binance (CRYPTO: BUSD) CEO Changpeng Zhao's announcement to liquidate his company's entire holding of FTX native tokens. What Happened: According to CoinMarketCap, FTT is down 19.29% in the past hour.

FTX Token (FTT), the native cryptocurrency of crypto exchange FTX has plunged by another 20% over the last hour falling under $20. As of press time, FTT is trading 19% down at a price of $18.46 with a market cap of $2.4 billion.

Crypto exchange Binance confirmed that it is unloading all of its FTX token holdings. The company explained that the liquidation of its holdings is due to recent revelations that have come to light and not a move against a competitor, according to Bitcoin.com.

Binance has announced it's selling off all its FTX Token (FTT), as CEO Changpeng Zhao says FTX has been engaging in political efforts against Binance. In a Twitter thread, Zhao says that last year, Binance decided to sell its equity in FTX, receiving billions in stablecoins and the exchange's native token FTT.

Binance CEO Changpeng "CZ" Zhao said he's surprised by reactions to the weekend announcement that his firm would start selling off holdings of FTX's FTT token. The post Binance's CZ says he's building, not fighting amid FTX tensions appeared first on The Block.

A V-top reversal from the $26.5 local resistance undermines the recent recovery in FTX price. Since last week, the coin price registered a 17% loss, reaching the bottom support of $22.

Binance FTX Token Updates: Amid much debate around Binance sale of the FTX token (FTT), CEO CZ tried to clear the air of ‘misconceptions'. Stating that he was surprised at the amount of discussion the FTT transfer sparked, CZ said it is not possible to plan such moves.

"Market makers are working overtime to maintain the price of FTT," according to data provider Kaiko. The post FTX token shows signs of resilience after CZ tiff appeared first on The Block.