Market Volatility: FTT experiences the deepest drop, SOL altcoins, and previous IEO tokens also affected

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Market Volatility: FTT experiences the deepest drop, SOL altcoins, and previous IEO tokens also affected

The cryptocurrency market has been turbulent due to disputes involving Binance, FTX, and rumors about Alameda's financial data. FTT has experienced the deepest decline among exchange tokens on various platforms in the past 24 hours, leading to a corresponding drop of around 10% in Solana-related concept tokens, directly offsetting the gains brought by the collaboration between Solana and Google Cloud.

Price Changes of Platform Tokens

The ongoing dispute has intensified FUD in the market, resulting in an overall decline in the past 24 hours. Only OKB saw a slight increase, while the rest experienced decreases. FTT had the highest decline:

  • OKB: 1.4%
  • KCS: -1.87%
  • BNB: -3.35%
  • BIT: -4.11%
  • HT: -4.9%
  • LEO: -5.33%
  • FTT: -6%

Decline in FTX Concept Coins

The chart below shows the performance of past IEO coins on FTX in the past 24 hours, as well as SOL, which is supported by the founder of FTX. Among them, IndiGG INDI saw the highest decline, with SOL and RAY both dropping by over 10%.