FTT Price Still Above $1 Per Unit Despite Two Entities Holding 73% Of FTX Token Supply Markets & Prices Bitcoin News
Exchange coin ftx token (FTT) still trades above $1 per unit, while Bitcoin has fallen 18.2% in 30 days with most cryptocurrencies declining in value over the past few weeks. It has been. Additionally, an unknown entity known as the “FTX Accounts Drainer” holds his FTT wallet, which is his second largest with 45.85 million tokens worth $61.44 million.
FTT has surpassed $1 per unit for the past two weeks since the FTX collapse
It’s been over two weeks since FTX filed for Chapter 11 bankruptcy protection, and on that day, FTT was still trading at $3.46 per unit. After 16 days, FTT prices have consolidated and over the past 24 hours, FTT has traded between $1.33 and $1.39 per unit.
In fact, the FTT has remained above $1 since November 12, 2022 and has yet to break the September 2019 lows when the FTT traded at $1.15 per unit. As of Sunday, November 27, the global trading volume of exchange tokens backed by bankrupt companies is around $5.26 million. This week, FTT hit a high of $1.53 per unit and his 7-day low of about $1.23 per FTT.
According to blockchain explorer etherscan.io, the ERC20 token has undergone 411,970 transfers since the launch of the FTT. On November 27, about 24,874 wallets hold his FTT tokens, while the largest wallet holds 195,869,338 FTT or 59.55% of the total supply.
The second largest FTT holder is the same person as the “FTX Accounts Drainer” hacker, who holds 45.85 million FTT tokens worth $61.44 million at today’s exchange rate. At the time of writing, Bitdao holds his 3,362,316 FTT while Wormhole holds around 2,818,904 FTT.
Over 73% of all FTT tokens are held by two entities, between the largest FTT address and the second largest FTT address. Over the past seven days, there have been approximately $7.69 million worth of FTT transactions exceeding $100,000. Before FTX’s collapse and bankruptcy filing, Alameda Research held his one of FTT’s largest cash holdings. Former Alameda CEO Caroline Ellison reportedly Leaving Hong Kong and fleeing to Dubai.
What do you think of the market performance of the FTT token over the past two weeks? Let us know your thoughts on the matter in the comments section below.
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FTT Price Still Above $1 Per Unit Despite Two Entities Holding 73% Of FTX Token Supply Markets & Prices Bitcoin News
Source link FTT Price Still Above $1 Per Unit Despite Two Entities Holding 73% Of FTX Token Supply Markets & Prices Bitcoin News