Ethereum

Coin

<ul class="news-points"> 
 <li><strong>FTX token (FTT) faces a 4.49% drop amid bankruptcy proceedings, raising doubts about its long-term viability.</strong></li> 
 <li><strong>Massive asset transfers to exchanges hint at FTX’s efforts to manage the fallout from the financial collapse, impacting FTT’s value.</strong></li> 
 <li><strong>Despite an 11.04% dip, LUNC shows strong liquidity and potential for a price rebound if sentiment shifts.</strong></li> 
</ul> 
<p>The <a href="https://coinedition.com/tag/ftx-token-ftt/">FTX token (FTT)</a> has dropped significantly in the past 24 hours, with the price dipping from an intra-day high of $3.94 to an intra-day low of $3.44. The token’s price, presently $3.56, has dropped 4.49% from the day’s high. The ongoing bankruptcy proceedings of FTX accompany this downward trend, casting doubt on the token’s usefulness and relevance in the future.&nbsp;</p> 
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  <img decoding="async" src="https://lh7-us.googleusercontent.com/NNkhRHx4CNKwWwBmQwjkX-3ei0d8GPHKJkx_KozcolCBCtTX1XEgtiNTc3ko-qYYaNdONjJ2OHwQeM6RhRmLDvnNgCV11K86NOJkpb-JqboOunZ3GUmVLrcLklTBsxRR2xgcnKHI-o95PCcAozgqY3k" alt="" style="aspect-ratio:1.1774960380348654;width: 100%;height:auto">
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   <em>FTT/USD 24-hour price chart (source: <a href="https://coinstats.app/coins/ftx-token/" target="_blank" rel="nofollow">CoinStats</a>)</em>
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<p>Adding to the complexity, recent transaction data reveals that FTX has transferred substantial quantities of digital assets, specifically 8 million MATIC tokens valued at approximately $5.95 million and 1,592 Ethereum (ETH), worth around $3.22 million, to Coinbase and OKX, respectively.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">In the past 8 hours, <a href="https://twitter.com/hashtag/FTX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#FTX</a> transferred 8M <a href="https://twitter.com/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$MATIC</a>($5.95M) and 1,592 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a>($3.22M) to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Coinbase</a> and <a href="https://twitter.com/hashtag/OKX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#OKX</a>. <a href="https://t.co/KB3r7REE6m" target="_blank" rel="nofollow">pic.twitter.…</a></p>
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<p>The post <a href="https://coinedition.com/ftt-dips-amid-ftxs-troubles-as-lunc-faces-steep-correction/">FTT Dips Amid FTX’s Troubles as LUNC Faces Steep Correction</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

FTT Dips Amid FTX’s Troubles as LUNC Faces Steep Correction

Coin Edition

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