Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.
Business

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.

FTT price still exceeds $1 per unit despite two entities holding 73% of FTX token supply
For the past two weeks, FTT has been above $1 per unit. His FTT/USD via Bitfinex on Nov 27, 2022.

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.

Tags for this story

90% Down, Altcoins, Bankruptcy Assisted Tokens, coiningecko.com, Coinmarketcap.com, Crypto Traders, FTT, FTT Analysis, FTT Markets, FTT Price, FTT Sell, FTT Tokens, FTT Trading, FTX Bankruptcy, FTX Bankruptcy Filing, FTX Collapse, FTX Fallout, Markets, Prices

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.

Jamie Redman

Jamie Redman is a news lead for Bitcoin.com News and a financial technology journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News about disruptive protocols currently emerging.




image credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. NEITHER THE COMPANY NOR THE AUTHOR WILL BE LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY DAMAGE OR LOSS ARISING OR ALLEGED TO OCCUR ARISING OUT OF OR RELATING TO YOUR USE OF OR RELIANCE ON ANY CONTENT, PRODUCTS OR SERVICES DESCRIBED IN THIS ARTICLE. We are not responsible.



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

Related Articles

Back to top button