FTT token plunged by more than 50% after the announcement of the Binance acquisition. Nearly $500 Million have been liquidated in the last 4 hours.
The crypto market is going through the most dramatic developments. FTX and Binance were in a fierce war before Sam Bankman-Fried, the CEO of FTX, announced the truce.
Both longs and shorts are being liquidated with volatility led by FTT.
According to data from CoinGlass, nearly $500 Million have been liquidated in the last four hours as of writing. FTX token (FTT) pumped almost 38% to nearly $21 after the announcement of the Binance Acquisition. This liquidated the short…
