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Whales Have Been Dumping Exchange Tokens Like CRO and FTT


coinedition.com 24 November 2022 17:50, UTC
Reading time: ~2 m

he market intelligence platform, Santiment, took to Twitter on November 17 to share some numbers about what is happening with certain cryptocurrencies in the market at the moment. According to the post, it comes as no surprise that exchange tokens saw the biggest drops over the last seven days.

FTT, CRO, HT key stakeholders supply held (Source: CoinMarketCap)

Santiment also shared some numbers about what whales are doing to exchange tokens like FTX Token (FTT), Huobi Token (HT), and Cronos (CRO). According to their data, whales dumped 30.9% of FTT and 0.4% or CRO while they added 17.7% of HT.

FTX Token / TetherUS 1D (Source: CoinMarketCap)

FTT is currently trading at $1.66 after a 4.40% drop in price over the last day, according to CoinMarketCap. The crypto is also still in the red by more than 40% over the last seven days.

Also in the red is FTT’s 24-hour trading volume which is currently standing at $40,444,747 after a more than 70% drop.

Crypto.com Coin / TetherUS 1D (Source: CoinMarketCap)

CRO is another exchange crypto in the red today. At the moment, CRO is trading at $0.07018 after a 3.65% drop in price over the last 24 hours. In addition to this, the crypto is also still in the red by more than 20% over the last seven days.

The crypto also weakened against Bitcoin (BTC) and Ethereum (ETH) by about 2.11% and 0.06% respectively.

Huobi Token / TetherUS 1D (Source: CoinMarketCap)

Data from CoinMarketCap indicates that HT is also down by more than 6% today, and is also in the red by more than 26% over the last week. The crypto’s 24-hour trading volume is currently in the red by 8% to now stand at $10,561,083.

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