Why is FTX Quiet? Australian Fund Sold All These Altcoins!

Binance Launched by CEO Cz FTT Funds started to be included in the selling trend.

Australian cryptocurrency fund DigitalX has joined the funds that have been selling the rumors that have emerged in recent days and minimizing the risk of FTT due to risk management.

The fund listed under the DCC exchange on the Australian Securities Exchange is worth 1 million FTT token sold it.

The FTTs the fund sold made up 2% of its total assets.

Although the number is small, it may be sufficient to describe the atmosphere of fear created by FTT.

DigitalX chairman, who made a statement on the subject, stated that they expected a very strong decrease in FTT prices and said that they did not want more FTT exposure.

While FTT lost 35% of its value today, it caused many altcoins to fall with it. Selling the expectation that FTX will go bankrupt increased the turbulence in cryptocurrencies, while Bitcoin again fell below $20,000.

While no statement from the FTX wing today caused investors to panic even more, it was stated that some users had difficulties in withdrawing their funds from the stock market.

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