Binance Plans To Liquidate Its FTX Holdings, FTT Price Drops More Than 5%

While most of the cryptocurrencies are enjoying a bull run for more than a week, FTX’s native token, FTT, was hit with severe volatility after Binance’s recent move. On Nov 6, Binance CEO Changpeng Zhao announced that Binance had begun liquidating FTT tokens after which the FTT declined nearly 9.4%.