The FTX token recorded a 10.18% drop in price in the last 24 hours.
Former FTX executive Ryan Salame began his prison term on October 7.
Satoshi Nakamoto’s identity and the HBO documentary are the day’s talks for the crypto community. The HBO documentary has attempted to uncover the true identity of the creator of Bitcoin. Meanwhile, Ryan Salame, the former FTX executive’s 7-and-a-half-year prison sentence began in the past day.
In reflection, the FTX token has shown significant drops in the last 24 hours. The token recorded a 10.18% drop despite a brief attempt at recovery. At the beginning of the day, FTT traded at $2.48, however in the progressive hours, bearish candles took over. At the time of writing, FTT was trading at $2.24 as per CMC data.
Moreover, in the past month, the altcoin has shown intriguing price activities fueled by the exchange’s anticipations around repayments and reorganization plans. On inferring its weekly price charts, FTT shows a 3.95
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