Whale transferred 270,000 FTT to Binance 2 hours ago! FTT price dropped to $17 at one point.

According to the Twitter account Lookonchain, a large holder of FTT transferred 272,516 and 45,000 FTT tokens to Binance and FTX a few hours ago. Based on the price of $22 at that time, the total value is approximately $6.5 million.

According to the discovery by the Twitter account Lookonchain, a large holder of FTT transferred 272,516 and 45,000 FTT to Binance and FTX a few hours ago, with a total value of approximately $6.5 million calculated at the price of $22 at that time.

This whale's FTT was purchased in February-March this year at an average price of $41.05. However, Lookonchain indicates that the holder seems to be selling at half the price, expecting a loss of over $3 million.

Note: It cannot be confirmed whether this FTT whale has sold its assets, and this is only speculation on market trends.

Since 10 a.m. today, FTT has encountered significant selling pressure in the market, with prices dropping more than 20%. At the time of writing, the price is $18.