Analysis: FTX and Alameda still hold 76% of total FTT supply, unsold in past two months
According to Spot On Chain monitoring on February 1st, the price of FTT has dropped by 35% in the past few hours. Currently, FTX and Alameda still hold 76% of the total supply and have not sold any in the past two months, even though the FTT price once reached $5.5.
In the past few hours, there have not been many large on-chain token transfers, only internal exchange transactions. Due to limited circulation supply, the main participants in FTT trading are whale players.
As previously reported by BlockBeats on February 1st, according to Reuters, FTX bankruptcy lawyers stated that FTX is expected to fully repay cryptocurrency customer assets in bankruptcy liquidation. In addition, due to a lack of buyers, FTX has also abandoned its plan to restart.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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