Buy Crypto
Markets
Contract
Spot
Earn
Web3 new
Learn
Blogs > Crypto in a Minute > FTT Beginning To Break >

FTT Beginning To Break

Author: Jeffrey Craig Date: 2022-11-07 03:05:13

  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Discord
  • Youtube
Subscribe Phemex

Get The Latest News And Updates From Phemex!

giftRegister to get $180 Welcome Bonus!
Email
Password
Invitation code (Optional)

november-7-daily-update

Main Takeaway: A New Big Player Coming Under Fire – Alameda Research

Last week Alameda Research published its holdings and analysts discovered that the assets they’re holding are largely illiquid tokens such as the exchange token, FTT. As a result, CPZ has entered the game announcing they’ll begin spot selling FTT to avoid risk. Alameda owns over 50% of the FTT token, which is risky because of over-centralizing ownership. As the price decreases, Alameda will be the only buyers. The FTT coin is now down 4% d-o-d, with rising open interest and shorts. The main takeaway is despite a recent price spike in cryptos, if there’s another potential big time player getting margin called, it could reignite fear that a LUNA-type situation could occur before the end of 2022.

Today’s Top Gainers

The top five performing coins on Phemex d-o-d are StepWatch (SWP/USDT), Phala Network (PHA/USDT), Telcoin (TEL/USDT), FC Barcelona Fan Token (BAR/USDT), and dForce (DF/USDT).


For any inquiries contact us at support@phemex.zendesk.com
Follow our official Twitter | Join our community on Telegram
Trade crypto on the go: Download for iOS | Download for Android
Phemex | Break Through, Break Free
  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Discord
  • Youtube
Subscribe Phemex

Get The Latest News And Updates From Phemex!

giftRegister to get $180 Welcome Bonus!
Email
Password
Invitation code (Optional)
start trading start trading start trading

Register On Phemex Now To Begin Trading

Register On Phemex

More Articles

Subscribe Phemex

Get The Latest News And Updates From Phemex!

Get The Latest News & Updates!

Bonus

The Social Network that Pays YOU!

Engage to Earn 1,350 PT Every Day