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FTX Token ( FTT ) just dumped -25% -400 Million in market cap

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FTX Token ( FTT ) just dumped -25% -400 Million in market cap

Something is going on right now. FTT is dumping heavily. We've all heard about the drama lately around FTX and while lots of rumors have been going around the charts are pretty clear.

https://preview.redd.it/ay1gbiehbny91.png?1912&format=png&auto=webp&s=50e500aa1cb1da7678e80c1c35cb3fd80e7a9951

As I'm writing this post right now it is falling off a cliff we've seen before with a .... similar crypto.
Now I generally don't want to spread panic and remind everybody that it's outside of NA & EU trading hours so the volume is pretty low. But this is still a MASSIVE dump.

Solana is also dumping heavily

https://preview.redd.it/o2jr2apibny91.png?1920&format=png&auto=webp&s=d1bed2161a3b6a07e3d1bd31a16b23ed1007bd30

I've seen theories that FTX / Alameda research dump their Solana to cover losses in FTX. It would explain why SOL has been falling off a cliff lately as well.

FTT lost the 22$ support. Some might remember this chart I've posted before that this is where major support held the price this year. It just fell through like it's nothing.

https://preview.redd.it/i5yoc7ukbny91.png?1919&format=png&auto=webp&s=1d53c999f6fd0872cdbfce0b9106544cb1f8591f

As I'm writing this post SOL dropped another -2%.

Friendly reminder: Not your keys, not your crypto.

submitted by /u/TarkovReddit0r
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