The FTX token (FTT) continues to grapple with challenges stemming from the tumultuous events of 2022, compounded by the impending trial of its founder, Sam Bankman-Fried (SBF), scheduled for March. Reports indicate that the exchange is navigating asset liquidation processes to settle outstanding debts with creditors. The prospect of reopening the exchange remains uncertain, with negotiations focusing on liquidation and reaching agreements with affected clients. $FTT’s price has dropped 🔻 by 35% in the past few hours. Who is selling? ➡️ FTX and Alameda still hold 76% of the total supply, with no selling in the past 2 months, even
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