$FTT Binance outflow transactions hit a 6-month high of 315 on Sep 20, while weekly netflow averaged -2,061 FTT/day.
The move came with heavy two-way cycling: 1.28M FTT inflow vs 1.07M outflow, or ~7.3% of the 32.2M-token reserve.
$FTT opened at $0.211, reached $0.338 and closed at $0.293; volume hit 24.28M vs a 6-month average of 6.52M.
Network activity also surged: 645 active addresses and 7,694 transactions, ~9x and ~30x their respective 6-month averages.
Yet Binance's reserve ended at 32.21M FTT, only +0.64% on the day and still 2.89% below the quarterly baseline.
The sharp two-way turnover with limited reserve change points to elevated volatility rather than sustained repricing; continued deposits would be needed to confirm a persistent shift. #FTT #FTX #Crypto
The move came with heavy two-way cycling: 1.28M FTT inflow vs 1.07M outflow, or ~7.3% of the 32.2M-token reserve.
$FTT opened at $0.211, reached $0.338 and closed at $0.293; volume hit 24.28M vs a 6-month average of 6.52M.
Network activity also surged: 645 active addresses and 7,694 transactions, ~9x and ~30x their respective 6-month averages.
Yet Binance's reserve ended at 32.21M FTT, only +0.64% on the day and still 2.89% below the quarterly baseline.
The sharp two-way turnover with limited reserve change points to elevated volatility rather than sustained repricing; continued deposits would be needed to confirm a persistent shift. #FTT #FTX #Crypto
