FTX Token Plummets as Industry Fears Probable Alameda Contagion #FTX #Token #Plummets #Market place #Fears #Alameda #Contagion

Considering that then, the market has developed involved about FTX’s liquidity. The trade has confronted a significant stablecoin exodus, with $451 million being despatched off its primary system throughout the previous 7 days, and $15 million staying pulled from its U.S. subsidiary, according to Nansen facts. At present, FTX has a harmony of $59.2 million USDC and $28.5 million USDT, alongside with $8.6 million BUSD. FTX US has $41 million USDC, $12.8 million USDT, $39 million PAX, and $11.3 million BUSD readily available.

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