- Around $36 million worth of AVAX and Polygon has been moved to the Binance exchange.
- FTT has gone up by over 30% in the last 24 hours.
Over the past 24 hours, FTX [FTT] transferred $36 million of Polygon [MATIC] and Avalanche [AVAX] to the Binance [BNB] exchange. The price trend of FTT exhibited an intriguing movement during the same period.
FTX moves over $30 million worth of MATIC and AVAX
As per Lookonchain, FTX has recently transferred approximately 26 million MATIC tokens, valued at around $17 million, and 975,000 AVAX tokens, worth approximately $19.25 million, to the Binance exchange.
This transaction contributed to the exchange’s total asset movement of over $36 million in the last 24 hours. This action is part of FTX’s ongoing liquidation of crypto assets to address outstanding debts following its crash.
How Polygon and Avalanche have trended in the past 24 hours
As of the close of trading on the 21st of November, Polygon had undergone a notable decrease of over 10%, settling at around $0.72. This decline extended the drop observed in the past two days to around 15%.
However, at the time of this update, MATIC had exhibited a recovery. Its price rose by over 4% to trade around $0.76. The Relative Strength Index (RSI) also indicated signs of an upward trend, though it remained below the neutral
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Author: Adewale Olarinde
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