FTT, the native cryptocurrency of FTX, continues to take massive blows as its situation take a turn for the worse.
In terms of price, the crypto is changing hands at $1.70 according to tracking from Coingecko at the time of this writing.
In a span of seven days, the cryptoasset has declined by 92.3% while over the last 30 days it went down by nearly 93%.
The crypto’s market capitalization now stands at just $223.98 million. Moreover, there’s a notice above its name on the crypto data tracking website Coingecko that is highlighted in red.
“FTX token contract Deployer has transferred out the entirety of supposedly locked FTT tokens into circulation. Proceed with caution,” said the warning.
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