FTX token drops a record 31% in 24 hours, halts withdrawals

FlavienNovember 8, 2022

Less than a minute

FTX token drops a record 31% in 24 hours, halts withdrawals

Following Binance’s declarations, FTX Token saw its price drop to $15.37 at the time of writing, a 31% drop in 24 hours. On-chain data shows large amount of funds being withdrawn and sent to Binance.
FTX halted users’ withdrawals temporarily for Ethereum, Solana and Tron.

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Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.