FTXWhile the liquidity tightness in .
bitcoin while it regressed to $ 15500 levels at night, Ethereum It fell as low as $1073.
Can the liquidity crisis in FTX be resolved? Or will FTX go bankrupt, while the questions were on the agenda, support came from Tron founder Justin Sun to FTX.
As you know, Sun in a statement yesterday Unable to withdraw from FTX TRX, BTT, JST, SUN and HT tokens will all be covered 1 to 1 he had said.
Taking this one step further, Sun said that they are working with FTX to get FTX back on its feet.
“In FTX TRX, BTT, JST, SUN and HT tokens In addition to my announcement that I will not victimize their owners, we are creating a solution with FTX to find a way out.
The liquidity crunch, which should be short-lived by its nature, is harmful to sector development and investors.
My team is working day and night to prevent further disruption. I believe that the situation is manageable with a holistic approach with our partners. Stay tuned.”
Sun’s share was also shared by FTX CEO SBF.
Later, making a new announcement, Sun stated that TRX trading has restarted on FTX and they are also working on withdrawals.
“This is the first step towards a holistic solution focused on recovery and resuscitation prepared for all FTX users. “
Currently on FTX TRX, BTT, JST, SUN and HT trade continues.
There has been a significant increase in TRX price after Sun reiterated that they will assist in the withdrawals of tokens in the Tron ecosystem.
Investors whose money remains in FTX seem to be switching to TRX to withdraw their funds.
This expectation drove the TRX price up 3610% in FTX. It was trading at $0.05 on the Binance exchange while the price briefly rose to $2.5.
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