₦airaland Forum

atinga1:
I bought at 1.10 and currently it's at 1.02. I'm gonna set another bid at 1.
We die there.

altcoinng:
Why is FTX Token crashing?

With the ongoing fight between FTX and Binance, and Binance dumping $500 million worth of FTT, it is not surprising that FTX token’s price and market capitalization are taking a big hit.

In fact, the market cap of FTT fell from $2.99 billion to $2.36 billion in just 24 hours, while the price of FTX’s token fell by more than 20% in the same time frame.

At the same time, the price of FTT is $17.33, which is a loss of 22.95% for the day, 33.95% for the week, and a total loss of 28.38% for the month compared to the previous month.

According to the most recent CoinMarketCap chart, the native token of FTX Exchange has lost $630 million, or 21.07%, of its market cap in a single day.

As a reminder, it was found earlier that Bankman-business Fried’s empire was actually made up of two big companies: the FTX crypto exchange and his trading firm Alameda Research. The link between the two was confirmed by Alameda’s financial data, which is mostly made up of the FTT token.

In response to this news, Binance’s CEO Changpeng Zhao announced on November 6 that the company would “liquidate any remaining FTT on their books,” which it did later by selling 22,999,999 FTT worth $584,828,174. After the sales, the price tanked.

News reaching us is that a giant whale is worried about a “bank run” on FTX and is withdrawing USDC/USDT from FTX Exchange. As soon as FTX opened their withdrawal, the whale immediately withdrew 129.8M $USDC and 115.9M $USDT from FTX Exchange in the past 24 hours.

https://altcoin.ng/why-is-ftx-token-crashing/

GRACEGLORY:
Available

GRACEGLORY:
Binance tracks user location based on their IP address. So if you accidentally accessed Binance using a VPN then it will raise flags to the exchange’s compliance software.


Due to regulatory compliance Binance has stricter measures for blocking US customers from accessing its platform. If the exchange identifies any user as U.S resident then it will block that person from accessing its platform.


contacting Binance support immediately

You’ll be asked to submit a valid ID to prove that you are not an US resident.

I perceive you use iOS on both devices

Siberia01:
GRACEGLORY must be licking his wounds
Over Hashflow HFT

luvlyoracle:
I dont use any vpn

I tried both on my phone and laptop

GRACEGLORY:
They don’t get to dump on the first batch to buy.

Rush in, and wait… in this case, no TA, you use your instincts to sell.

Siberia01:
are you buying
Hope the wouldn't dump on people

GRACEGLORY:
ETH, need to hit the $1,700 area. So, until then, the Alts pumps and remain in the greens. This doesn’t seem like the Alt season we’ve been waiting for… it seems it’s as a result of some new money flowing into the sphere. We may need to lock in some profits.

luvlyoracle:
Please who can help me resolve this


Over 48hrs been chatting customer care they saying what i dont understand

GRACEGLORY:
Onsales

deflover:
Seems we go down again
This should be a bear trap

ElasmoBranchii:
You don't really believe the above is true. Do you?

GRACEGLORY:
Onsales

Robnectar:
thanks mehn,... nah cafe i dey run things now for trenches, no lie

Robnectar:
lost my phone and all d money in account wiped off,...... nah till month end i go get new phone,.....